The European Strategic Energy Technology Plan (SET Plan) aims to accelerate the development and deployment of low-carbon technologies. It seeks to improve new technologies and bring down costs by coordinating national research efforts and helping to finance projects.
In this framework, the SET Implementation Plan (SET Plan IP) for Ocean Energy was adopted on 21 March 2018 and it has since been managed by the Implementation Working Group. This group is composed of representatives from the European Commission, Member States, Regions and other stakeholders. To date it has focused on the development of research and roadmaps which have set out the aspirations of wave and tidal sector. The principle of the ocean energy SET Plan IP is to transform those aspirations into operational actions. The actions listed within this SET Plan IP are primarily based upon the Ocean Energy Strategic Roadmap, which is considered to be the Declaration of Intent. The target timescale presented in this declaration is 2025 for tidal technologies and 2030 for wave technologies.