By Arthur Neslen in Brussels

Investment fund would help wave and tidal power to provide a tenth of the bloc’s power by 2050

The EU is proposing to spend hundreds of millions of euros to help the budding ocean energy industry to provide a tenth of the bloc’s power by 2050.

The boost would take the form of a €250m investment fund, with an additional €70m set aside for insurance, loans and guarantees, according to the roadmap for channelling the potential of wave and tidal energy.

Via: https://www.theguardian.com/environment/2016/nov/09/eu-plans-320m-funding-boost-for-budding-ocean-energy-industry