DP ENERGY INDUSTRY PROFILE EXPANSION
DP MARINE ENERGY (DPME) Cork-based DP Energy founded by Maureen and Simon De Pietro over two decades ago has created a new subsidiary, DPME to develop utility grade and large megawatt capacity tidal and wave energy projects in key markets worldwide.
DP Energy director Simon De Pietro says DPME is one of a number of renewable energy development companies in the DP Energy stable.
“DPME’s initial focus is on tidal energy in UK & Irish waters and the Canadian Maritimes,” said Simon. “We are aiming to expand DPME’s existing projects which include a 100MW scheme off Fair Head, Co Antrim partnered with Belgian offshore specialist DEME Blue Energy. We are also working on another 30MW tidal project off West Islay with a view to building a portfolio of de-risked, shovel ready, or perhaps bucket ready, projects for a collective portfolio funding round.
“The first of these projects, West Islay, is likely to receive a Section 36 consent in summer 2014.”
UNIQUE
Simon added that DPME is unique in the marine field. Explaining; “Whilst the company is staffed largely by engineers and seeks to understand and help develop engineering solutions to some of the technical challenges it is a technology-neutral project developer.
“The approach is firmly based on the fact that the site and project internal rate of return (IRR) comes first and that technology is simply a means of reaching that IRR.
“A technology-neutral approach results in a broad Rochdale Envelope on consenting which means leaning towards open rotor, horizontal axis machines whilst remaining agnostic on the support structure - gravity, pin piled, surface piercing, non-surface piercing or floating.
“This ensures projects are buildable in the future as the least costs solution develops as the industry matures and ensures potential competition in the market.”
Despite remaining technology-neutral, DPME is partnering a project specific basis with credible OEMs and with demonstrated and competent technologies.
CONSORTIUM
The firm is also leading a consortium which has been awarded a grant of £8 million from the European Commission Seventh Framework Programme for a demonstration tidal array on Fair Head with Siemens MCT and is working towards a demonstration in the Bay of Fundy Nova Scotia in conjunction with Andritz Hammerfest.
“DPME is committed to the marine tidal and in-stream current sector and has interest in run of river with smaller subMW class machines and we also have a developing interest in wave albeit recognising the significant technical challenges.
“DPME’s aspiration is to be the lead independent tidal energy project developer in Atlantic Waters (and potentially beyond).”
DP Energy has produced some 215MW onshore built projects of which 117MW are now consented.
DP Energy
www.wavetidalenergynetwork.co.uk
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