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![Euro currency © Zerbor/Adobe Stock](https://oceans-and-fisheries.ec.europa.eu/sites/default/files/styles/oe_theme_ratio_3_2_medium/public/2022-03/AdobeStock_229336161-euro-moeny-eu-flag.jpg?itok=AwRLX3hD)
At the BlueInvest Days 2022 in Brussels, Commissioner Virginius Sinkevičius and European Investment Fund (EIF) Deputy Chief Executive, Roger Havenith have announced a new dedicated equity initiative for the blue economy under InvestEU.
![Blue Ocean Wave © EpicStockMedia / Adobe Stock](https://oceans-and-fisheries.ec.europa.eu/sites/default/files/styles/oe_theme_ratio_3_2_medium/public/2021-08/AdobeStock_37321659-ocean-wave_0.jpg?itok=2QMbOWjN)
First large investment fund fully dedicated to the Blue economy under BlueInvest, a joint initiative by the European Commission and the European Investment Fund
![WaveFarm](https://oceans-and-fisheries.ec.europa.eu/sites/default/files/styles/oe_theme_ratio_3_2_medium/public/2021-05/wavefarm.jpg?itok=Ol7gy2B5)
Wave energy is a highly valuable and predictable source of renewable power. Up to 10% of the EU’s energy can be harvested from waves by 2050..
![Sea water with foam © vivoo / Adobe Stock](https://oceans-and-fisheries.ec.europa.eu/sites/default/files/styles/oe_theme_ratio_3_2_medium/public/2021-08/AdobeStock_161629247-blue-green-sea-water-with-foam.jpg?itok=cUzdlH_f)
Increased cooperation to implement the new blue economy strategy