Catching the next renewables wave

The timing of wave and tidal power behind more established renewable choices like wind and solar is awkward given the economic climate. And it leaves the latecomer with an uphill battle to reach full-scale deployment.

Europe's wave and tidal power technology is likely to disappoint EU expectations for 2020 and take over a decade to contribute to energy supply in a significant way, even though it is chalking up rapid growth and drawing in big industrial investors.

The nascent industry has attracted a flurry of investor activity over the past year, securing an estimated few hundred million euros from companies such as Siemens and Vattenfall.

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