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European seabed map to help unlock EUR1 billion in annual benefits, Damanaki says

By Emily Waterfield ( May 9, 2014, 10:58 GMT | Insight) -- A digital map of the European seabed could unlock economic benefits of 1 billion euros a year by spurring investments in marine resources, says EU maritime-affairs commissioner Maria Damanaki. Companies including E.On, Alstom and Siemens hope wave and tidal power could prove profitable new sources of renewable energy.A digital map of the European seabed could unlock economic benefits of 1 billion euros ($1.4 billion) a year by spurring investments in marine resources, says EU maritime-affairs commissioner Maria Damanaki....

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