Kevin Humphreys (Dublin South East, Labour)
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To ask the Minister for Jobs, Enterprise and Innovation the amount that Enterprise Ireland has invested or provided in grant aid to an ocean energy developer (details supplied); if he will also list other investments or grant aid provided by Enterprise Ireland in other ocean wave energy developers; and if he will make a statement on the matter. [17023/13]

Richard Bruton (Dublin North Central, Fine Gael)
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The Ocean Energy Development Unit, established in Sustainable Energy Authority of Ireland (SEAI) in 2009, is charged with co-ordinating the relevant activities of State agencies and initiating other measures to promote and develop the sector. Companies in the early-stage development of ocean wave energy projects are assisted by the SEAI. Where appropriate, Enterprise Ireland will work with their colleagues in SEAI to assist companies in the commercialisation of a validated technology. In such cases, Enterprise Ireland's role is to assist the promoters develop their business proposition, including their funding strategy and to make introductions to Irish and international Seed and Venture Capital funders.

Between 2007 and 2009, Enterprise Ireland approved funding to the ocean energy developer concerned. I am informed by Enterprise Ireland that they made payments of €984,619.27, to the company in question. In addition, Enterprise Ireland has paid €669,377.07 to four other ocean wave energy developers.