The Ocean Renewable Energy Action Coalition (OREAC) was formed in response to the 2019 call for ocean-based climate action by the High-Level Panel for a Sustainable Ocean Economy (Ocean Panel), and represents ocean energy in the global dialogue on a sustainable ocean economy. The Ocean Panel is a unique initiative of 14 serving world leaders, supported by the United Nations Secretary-General’s Special Envoy for the Ocean and working with diverse stakeholders to accelerate bold, pragmatic solutions for realising a sustainable ocean economy.

OREAC is spearheaded by the Global Wind Energy Council and includes other leading players in the global offshore wind sector: Ørsted, Equinor, CWind, GE Renewable Energy, Global Marine Group, JERA, MHI Vestas, MingYang Smart Energy, Mainstream Renewable Power, Shell, Siemens Gamesa Renewable Energy, TenneT and The Crown Estate. Additional supporting organisations include the World Resources Institute, UN Global Compact, the Chinese Wind Energy Association and Ocean Energy Systems.

To support the rapid, global scale-up of ocean-based clean energy, in December 2020 OREAC published ‘The Power of Our Ocean’ as a guiding document for countries to accelerate development of ocean energies like offshore wind and reap the socioeconomic benefits they can offer.

‘The Power of Our Ocean’ report answers the most important questions for governments looking to scale-up ocean-based renewable energy, including: