Aotearoa Wave and Tidal Energy Association Conference 29 May 2008

Hon. David Parker

Minister of Energy

Renewable electricity target

90 per cent of electricity

fromrenewable

sources by 2025

Actions for renewables

• National policy statements on

renewable electricity generation

electricity transmission

- to provide guidance for councils

• Advice and support

Marine potential

• Potential– Wave - up to 100 kW

per metre of wave crest length

– Tidal - harbour flows and ocean currents

• Developing technology

• Innovative and entrepreneurial people

Marine Energy Deployment Fund

• $8 m over four years• Pre-commercial projects• Useful information on costs and benefits

MEDF Grant

• Crest Energy Ltd• $1.85 m• First stage of

Kaipara Harbour project

• One to three tidal stream generators

Kaipara harbour

Resource consent process underway

• Cultural and environmental considerations

• Hearings underway this week

Potential contribution

200 turbines

1 MW each

540 GWh of energy

a year

What’s next

• Marine Energy Deployment Fund Round Two

– Adjusting criteria– Extending timeframe– Applications open 31 July 2008– Applications close 24 November 2008

Concluding comments