1. UK POLICY UPDATE Join us at RUK W&T Conference, London, 23rd February
Richard Yemm
Director, RenewableUK
Director, Quoceant Ltd
Join us at RUK W&T Conference, London, 23rd February

2. Who are RenewableUK?
First point is – views and opinions in this presentation are mine, not RUK’s
Second point is – on behalf of the whole of the UK – SORRY!
“Forgive them, they know not what they do….”
RenewableUK founded in 1978 as British Wind Energy Association (BWEA)
Industry trade association holding relationships with Governments, industries, media, public and other stakeholders
Represent over 440 companies in onshore and offshore wind, wave and tidal renewable energy
Work in partnership with Scottish Renewables
Key lobbying voice of marine renewables in UK Government
Good progress over the years… but major challenges again now
Join us at RUK W&T Conference, London, 23rd February

3. UK Marine Renewables Policyscape 2015…
GO!!!
Led by Scotland, the UK adopted a solid support scheme
Solid market support, RO 5xROCs then 100MW at ~£305/MWh in CfD
Solid capital support, MEC, MRDF, MEAD, MRPF, MRCF, WATES WATERS etc….
Core innovation support through various other programmes
EMEC, Wavehub, Fabtest at-sea facilities & experience
For many years more machines in UK waters than Rest of the World together
Enviable string of world firsts and world’s only in UK waters
>£450m into UK supply chain, >7:1 levering of public money
Many home grown successes, many international companies moving to the UK
Global lead in technology and projects…
….“Britannia Rules the Waves (and Tides)!!”

4. UK Marine Renewables Policyscape 2017…
STOP!!!
Post coalition & then post-Brexit vote… very changed situation
Officials and ministers sceptical, focus elsewhere
Scottish renewable market powers we called back a while ago
CfD => £305 now gone, now must compete in Pot 2 (Offshore Wind)
No dedicated technology push schemes as yet – must compete with general research community
Many home grown companies looking for opportunities overseas
Many international companies who came to UK considering options
What appears to be a ‘very British’ cycle of “innovate then procrastinate” is repeating… very frustrating!
“Basically – hard W-exit and T-exit…!!!”
…. but, glimmer of hope in the ‘Industrial Strategy’

5. Response – RUK & SR Ocean Energy Race
ACT!!!
‘Ocean Energy Race’ – political facing programme focussed on core values
Aim of rebuilding case and desire to support the sector through UK policies
Join us at RUK W&T Conference, London, 23rd February

6. Analysis & conclusions for Irish Market
HELP!!!
UK hitting reverse is both an opportunity and risk for other markets
Opportunities:
One of leading countries already, close gap, secure, regain lead
Scottish Government remains enthusiastic, partner opportunities (OPIN etc)
Attract leading players to step forward at high TRL in Irish waters…
Risks:
UK Government moves taken as negative signal by Irish Govt?
Irish market small, at edges of network, investors need to see bigger opportunities
Irish must spend every €€€ building on State of the Art and not recreating it!
Recommendations:
Hold firm! Stand fast! Stick to your guns! Ride out the storm! Etc…
Get involved with OER & help UK actors and players regain policy support in UK
But also engage with us to make Irish waters and players natural partners in return!
Join us at RUK W&T Conference, London, 23rd February