A new marine energy organization has been launched in Wales to attract investment and develop the sector in the country.

Marine Energy Wales has been set up to capitalise on what it believes is Wales’ significant marine renewable energy potential”.

The country has €100m of EU Structural Funds dedicated to marine energy, two demonstration zones, and support from Welsh government.

In a statement, the new body said that “Wales could soon lead the world as a significant generator of marine energy and, just as importantly, as an exporter of knowledge, technologies and services. Marine Energy Wales will bring the industry together, encouraging collaboration and providing support to continue this forward momentum.”

The announcement was made at the Ocean Energy Europe conference in Brussels this.

Welsh government Cabinet Secretary for Economy and Infrastructure Ken Skates said: “The formation of this pan-Wales body to drive forward the industry and encourage collaboration between all the interested parties is very timely and very welcome. The renewable marine energy sector has real potential for Wales which is a key location for the development and deployment of new innovative technologies. We need to ensure we are in pole position to maximise these opportunities, attract investment and create jobs and Marine Energy Wales has an important role to play in helping us achieve this.”

The Marine Energy Wales board includes representatives from Carnegie, Marine Power Systems, Minesto, Morlais, Nova Innovation, Tidal Lagoon Power and Wave Hub.