MEPs back 35% renewable energy target

Rémi Gruet Rémi Gruet: "Member States must now agree to this target and provide long term visibility for renewables"

European Parliament MEPs have backed a target of 35% renewable energy in the EU by 2030.

The target was addressed in the vote on the recast of the Renewable Energy Directive (RED). MEPs also voted for measures to encourage investment and reduce the cost of renewables.

Rémi Gruet, CEO of global network of ocean energy professionals Ocean Energy Europe, said: “Member States must now agree to this target and provide long term visibility for renewables, a booming sector which created hundreds of thousands of jobs in the last 10 years.”

Commercial opportunities

He stressed that ocean energy is ready to be commercialised over the next decade, but to secure private finance investors need a “clear political signal from Europe.”

“The Parliament provides just this, with a 35% target for renewables, a financial instrument to reduce the cost of capital, and a ban on retroactive changes,” he added.

Mr Gruet said that while Europe is the global leader in ocean energy technology & project development, a 35% renewable energy target is the minimum required for the continent to maintain global leadership.

Use advantage

Europe should take advantage of its leading position to create a new European industry, with a significant home market and global export opportunities, he said.

The Renewable Energy Directive (RED) establishes an overall policy for the production and promotion of energy from renewable sources in the EU. It is currently being revised to take into account the period from 2020-2030.

In December 2017, the European Council current agreement included 27% renewables in the final energy consumption in the EU by 2030. The final, revised RED will now be negotiated between the European Council, Commission and Parliament.

Ocean Energy Europe’s objective is to create a strong environment for the development of ocean energy, improve access to funding and enhance business opportunities for its members.

By Rebecca Jeffrey

Latest Press Releases

Stewart Marine closes deal for Neptune Marine EuroCarrier 2611

UK-based marine services company Stewart Marine has contracted Neptune Marine to build a new EuroCar... Read more

SP Load Cells Integral to Floating Crane Software Package

Polish marine electronics integration specialist Navinord has installed a state-of-the-art software ... Read more

Damen Shipyards Galati hands over 74-metre Fishery Research Vessel to Angolan Government

Damen Shipyards Galati has made provisional delivery of the 74-metre Fishery Research Vessel Baía Fa... Read more

Damen Maaskant Shipyards Stellendam celebrates 70 years and bids farewell to director Frits van Dongen

On Saturday 13 October a party was held at Damen Maaskant Shipyards Stellendam (DMSS) to mark three ... Read more

2018 saw Ship Shape IMO exhibit at IMPA London for the first time.

2018 saw Ship Shape IMO exhibit at IMPA London for the first time. After visiting the exhibition for... Read more

De Boer holds naming ceremony for Damen RSD WID Tug 2915 Hybrid Fregate and ASD Tug 2310 SD Papillon

The naming ceremony has been held for two custom tugs built by Damen Shipyards Hardinxveld for De Bo... Read more

View all