World Ocean Council Hosts Forum on Investing in Sustainability

The World Ocean Council (WOC) is hosting a program on investing in ocean sustainable development as part of the Sovereign Wealth Fund Institute’s annual forum Feb. 22 in Santa Monica.

The “Ocean Day” event will consist of dialogue between panelists dedicated to aquaculture, renewable energy and port and coastal infrastructure resiliency and adaption. A fourth session will focus on small island/Caribbean investment opportunities – including the “Caribbean Climate-Smart Zone”, which was recently launched at the Climate Summit in Paris on Dec. 12, 2017 with high level representatives from investment, industry, government and inter-governmental bodies.

Each panel will consist of CEOs from leadership companies in each of these fields, as well as investor representatives, with cross-cutting attention to islands. The current list of panelists includes representatives from the following organizations:

• Aquaculture: Cuna del Mar, Protix, Calysta, Open Blue (pending), Vitamar (pending)
• Renewable Energy: Principle Power, Resolute Marine Energy, Verdant Power, Orsted North America (pending)
• Port/Coastal Infrastructure Resiliency and Adaption: Agawa Fund Management, Baird and Associates, Lightsmith Group, American Association of Port Authorities, Port of New York/New Jersey (pending)

The event, according to Jacques Demers, chair of the WOC Ocean Investment Platform Advisory Group, is an opportunity for “key representatives and decision-makers of institutional long-term investors, such as pension and sovereign funds and insurers to meet directly with ocean industry executives and public policy makers and identify and assess the potential to make investments in appropriate risk adjusted return opportunities (including energy, food, infrastructure, new technologies, resources, decreased carbon emission transportation, etc.)…”

Ocean industries and stakeholders can register for the “Ocean Day” event at this link.

Information on the overall SWFI Institutional Investment Forum, including registration for the rest of the event, can be found at:

Port of Corpus Christi to Construct New Yard For Wind Turbine Parts

A Mitsubishi 250 kW wind turbine of the Kama’oa Wind Farm in Ka Lae (a.k.a. South Point), Big Island of Hawaii. Image from Wikimedia Commons by Harvey McDaniel, Naalehu, HI.

The Port Corpus Christi Commission on Dec. 12, 2017 approved a contract for construction of an additional 25-acre laydown yard for storage of wind turbine components and other breakbulk cargo.

The Port of Corpus Christi handled 2,603 pieces of wind turbine cargo in 2015, 2,875 pieces in 2016 and was expected to surpass 3,000 wind turbine components handled in 2017. According to the report, a large infrastructure investment is helping Corpus Christi become a prime location for handling renewable energy components and cargo.

Read more at Renewable Energy Magazine.



Wind and Solar System Offers Promise for Sustainable Eco Ships

The Aquarius Eco Ship uses the Aquarius MRE integrated wind and solar power system developed by Eco Marine Power to create a more sustainable shipping vessel with reduced fuel consumption and lower emissions. The Eco Ship concept includes an advanced integrated system of rigid sails, marine-grade solar panels, energy storage modules and marine computers that automatically position the rigid sails to make use of current weather conditions.

The concept can be applied to most ship sizes and types including bulkers, oil tankers, survey ships, passenger ferries, cruise ships, Ro-Ro ships, car carriers and unmanned surface vessels. Aquarius Eco Ship can also be fitted with other fuel saving measures such as an advanced electrical propulsion system, air lubrication, an optimized hull design and waste heat recovery technologies. Fuel cell technology could also be incorporated into the design.

Read more in the BBC feature story:
The Ships That Could Change the Seas Forever



Greek Island to Become Energy Pioneer


The small Greek island of Tilos in the Aegean Sea is set to become the first energy-independent island in the Mediterranean by relying exclusively in renewables.

Learn more here.

France Cuts Oil, Gas Licenses

France oil and gas

France plans to stop granting shale oil and gas exploration licenses at home and in overseas territories, with the goal of increasing the amount of renewables as an energy source, the UN’s Climate Action Programme reported.

There are also proposals to increase the diesel tax and make faster decisions on curtailing pollution.

Read more here.

Integrating Renewable and Traditional Energy

WIN WINThe DNV GL-led joint industry project WIN WIN (WINd powered Water INjection) has completed its first phase and determined that wind power could be used to power offshore water injection.

The project is moving into the second phase, which includes refining and testing the electrical systems and investigating possibilities for broader applications. 

The project has four partners: DNV GL, Exxon Mobil, ENI Norge and the Norwegian Research Council.

It proves that large-scale renewable units can be integrated into oil and gas systems, which lowers carbon emissions, as well as equipment and operations costs for oil companies.

Caption: A standard wind turbine is mounted to a floating foundation. This foundation also serves as a platform for the water injection system. (Credit: DNV GL)