#budget – In today's budget €10 million has been allocated next year to ocean energy research, development and demonstration, following the publication of the Offshore Renewable Energy Development Plan earlier this year.

This funding will facilitate the development of the Atlantic Marine Energy Test Site off Annagh Point in County Mayo; ongoing activity at the Galway and Mayo Test Sites; and the co-funding of the  in Ringaskiddy, County Cork.

The funding will also allow for the continued operation by the Sustainable Energy Authority of Ireland of the Prototype Development Fund, the main focus of which is on stimulating industry-led projects for the development and deployment of ocean energy devices and systems.