Marine energy funding round opens   21 Sep 2010

New Zealand Government

Marine energy funding round opens

The final of four funding rounds of the Marine Energy Deployment Fund has opened for applications, Energy and Resources Minister Gerry Brownlee announced today.

“The fund has been successful in stimulating interest and investment in testing the potential for marine energy in New Zealand,” Mr Brownlee said.

“New Zealand has a world-class wave and tidal energy resource, which will provide us with another form of renewable energy in the future.”

The funding is provided to applicants that can demonstrate the capability to deploy wave and tidal stream energy devices in New Zealand. A total amount of $880,000 is available.

The successful applicant or applicants will need to meet a number of criteria, including a strong likelihood of their technology being commissioned.

More information is available at:

The closing date for applications is Monday 29 November 2010.

Background What is the MEDF? The Marine Energy Deployment Fund is a four year fund established in October 2007, for the development of emerging wave and tidal marine technologies.

What projects have been funded through the MEDF?

• Crest Energy received funding from round one for up to three tidal stream turbines to be located in the Kaipara Harbour.

• Wave-Energy Technology New Zealand (WET-NZ) received funding from round two for a pre-commercial, half-scale wave energy device. This has received resource consent to be located in Taranaki.

• Chatham Islands Marine Energy Ltd (CHIME) received funding in round three for a wave energy technology project on the south west coast of the Chatham Islands. This has received resource consent.

Why is the government funding marine energy projects?

The waves and tides in New Zealand's coastal environment are a world-class resource for marine energy generation, with an estimated potential of more than 7,000 megawatts. Marine energy projects are under development here and overseas, and marine energy is likely to play an important role in New Zealand’s future energy mix.


Add a comment

Bookmark and Share


NZ Election 2017: Labour’s plan to unlock Canterbury’s potential

28 Aug 2017 News
Jacinda Ardern on August 28, 2017 Christchurch’s rebuild will be fast-... more

Updated plan to address Auckland’s growth

11 Aug 2017 News
11 August 2017 Transport Minister Simon Bridges has released a joint report by the Government and Auckland Council, which updates work... more


Rocket launch a huge step for New Zealand’s space industry

25 May 2017 Business News
25 May 2017 Minister for Economic Development Simon Bridges has congratulated the team at Rocket Lab on the successful launch of... more

Increased investor confidence welcomed

29 May 2017 Business News
29 May 2017 Commerce and Consumer Affairs Minister Jacqui Dean today welcomed the Financial Markets Authority annual survey results... more


London Cafes to Soothe Kiwi Homesickness

24 Nov 2017 London By Emma Creese
Exploring the world is a big draw for Kiwis to take an OE, but everyone moves their lives 18,000km from home not even thinking... more

New London venue and new look for New Zealand Annual Tasting

24 Nov 2017 Food & Wine
New Zealand Winegrowers will hold their Annual Trade Tasting in January at a new venue, and with it a new look and features for... more


New Zealand Housing Affordability Measure released

10 May 2017 Property
10 May 2017 The Ministry of Business, Innovation and Employment’s (MBIE) new Housing Affordability Measure will allow the market... more

NZ house prices gain 11% in October

14 Nov 2016 Property
Article - BusinessDesk Monday 14 November 2016 10:28 AM NZ house prices gain 11% in October, driven by sales of higher value homes By... more


Suspension of decision making authority

25 Apr 2017 Migration
24 April 2017Immigration Minister Michael Woodhouse is taking steps to improve Immigration New Zealand’s decision making... more

Recognised Seasonal Employers employ more Kiwis

8 Feb 2017 Migration
7 Feb 2017 Immigration Minister Michael Woodhouse welcomes a report showing the vast majority of employers who take on seasonal... more


NZ Election 2017: Tourism fund for infrastructure and conservation

28 Aug 2017 Travel & Tourism
Tourism fund for infrastructure and conservation Posted by Kris Faafoi on August 28, 2017 more

International visitors projected to spend $15 billion

12 May 2017 Travel & Tourism
12 May 2017 New Zealand’s tourism sector is forecast to grow significantly over the next seven years, with international... more


Last chance to see All Blacks v Barbarians - Twickenham, this Saturday 4 November

1 Nov 2017 Rugby
Expect some fireworks this Saturday at Twickenham for the Killik Cup when the Barbarians take on the Double... more

All Blacks v Barbarians at Twickenham, 4 November - under a month to go! £55 tickets!

17 Oct 2017 Rugby
The Barbarians will kick start the Autumn Internationals and take on the Double World Champions and... more


Gordon Campbell on the Gareth Morgan crusade

11 Nov 2016 Opinion
Column - Gordon Campbell   Gordon Campbell on the Gareth Morgan crusade First published on Werewolf more

Gordon Campbell on the US election outcome

10 Nov 2016 Opinion
Column - Gordon Campbell   Gordon Campbell on the US election outcome more

Kiwi Success

Law Commissioner appointed

29 May 2017 Appointments
29 May 2017 Former Secretary for Justice Belinda Clark has been appointed as Law Commissioner, Justice Minister Amy Adams announced... more

Spencer to be Acting Governor of Reserve Bank

8 Feb 2017 Appointments
7 Feb 2017 Finance Minister Steven Joyce will appoint current Deputy Reserve Bank Governor Grant Spencer as the Acting Governor of... more


Online job ads continue growing strongly

26 Jun 2017 Recruitment
23 June 2017 Tertiary Education, Skills and Employment Minister Paul Goldsmith says the latest Jobs Online report shows strong growth... more

New employment resource for young people

1 Mar 2017 Recruitment
28 Feb 2017 Tertiary Education, Skills and Employment Minister Paul Goldsmith and Associate Education Minister Louise Upston have... more