US-based Ocean Renewable Power Co. is opening an office in Ireland's County Donegal to capitalize on that coastal region's interest in its renewable marine energy technology and expertise.
The subsidiary, ORPC Ireland LLC, will be located at the Co-Lab Business Center at Letterkenny Institute of Technology in County Donegal, located on Ireland's northwest coast and having more mainland coastline than any other county in the country.
"One of the next steps for us will be getting ORPC Solutions active in that country so we can begin a feasibility process with our partners in Donegal," said John Ferland, Ocean Renewable Power Co.'s vice president of project development.
Ferland said once the office is up and running, its first task will be to identify optimum sites along the Donegal coast for deploying ocean, tidal or river power systems, and establishing strategic and supply chain partnerships to bring the company's initiatives to fruition.
Ferland said the company's Donegal office will also be working closely with its Irish partners to identify Irish and European funding opportunities to advance hydrokinetic energy projects. "
"Right now we're investing capital with the hope of accessing the funding that might become available for tidal energy development," he said.