Marine Energy Economic Impact
With substantial natural resources and a strong R&D and engineering base, wave and tidal energy represents a significant opportunity to boost for renewable energy and economic growth in Wales. The Welsh Government appointed Regeneris to understand the nature and scale of the opportunity and advise on what it could do to maximise the benefits.
We worked alongside Cardiff Business School to assess the potential economic value of the marine energy sector for Wales using primary research with the industry and drawing on existing evidence to develop an economic impact model.
Our research filled an important gap in Welsh Government’s’ appreciation of the nature and scale of this economic contribution for Wales and the work is now being used to inform plans to support the development of the sector.
Assessing the economic impact of marine energy to inform its development
The Welsh Government