Project description
Increasing the reliability of wave energy in Europe
To combat climate change and mitigate its effects, the EU and other European organisations are actively supporting the green transition by funding, promoting, and introducing innovative green solutions. While wave energy is a promising green energy solution, it faces challenges related to market confidence, bankability, and insurability. The EU-funded ONDEP project will develop and establish a 2 MW farm composed of four WaveRoller units connected to the grid in Peniche, Portugal, leveraging the site’s expertise and resources. The project will then replicate the requirements and challenges of a large-scale wave farm and build a reliable end-to-end European supply chain for gigawatt-scale deployment across Europe.
Objective
The untapped potential of wave energy emerges as a promising horizon projected to reach up to 1,800 TWh per year in Europe. However, full operational conditions of a wave energy farm are required to improve market confidence and increase the bankability and insurability of wave energy commercial projects.
In this context, ONDEP aims at setting up a 2MW farm composed of 4 WaveRoller units connected to the grid in Peniche, Portugal. This will leverage +10 years of experience at this site - including two years of full-scale demonstration of the patented and certified WaveRoller unit (2019-2021).
Over five years and a half, ONDEP aims at emulating the needs and technical challenges of future extra large-scale wave farms, while establishing a complete end-to-end European supply chain for GW-scale deployment in Europe. It also includes the first comprehensive environmental analysis spanning several decades for wave energy production. ONDEP is a pathway to scale up wave energy farms: in the short term and by 2030, the project expects to unlock 11 farms in 8 countries across 4 continents, with a cumulative 83 MW capacity (MoUs and support letters already signed) and a GWP <25 gCO2eq/kWh. Beyond 2035, the expected LCOE (<100€/MWh) will pave the way towards a sustainable blue economy creating up to 500,000 jobs in Europe.
To achieve its ambitious goals, ONDEP involves 9 countries and 14 leading organisations covering the whole end-to-end value chain of the wave energy sector.
Programme(s)
Funding Scheme
HORIZON-IA - HORIZON Innovation ActionsCoordinator
BT7 1NN Belfast
United Kingdom