Marine energy grants critical for first tidal arrays
Funding Scotland’s marine energy sector is to benefit from almost £5m.
By K.Steiner-Dicks on Mar 11, 2014
According to Energy Minister Fergus Ewing, who recently spoke at the RenewableUK Wave and Tidal Conference and Exhibition in Belfast, five marine energy innovation projects are to benefit from a £2.8m share of the Marine Renewables Commercialisation Fund (MRCF).
It has also been recently reported that tidal turbine company Atlantis Resources is to receive a £2m investment from the £103m Renewable Energy Investment Fund (REIF) to help establish a global engineering hub in Edinburgh.
The Atlantis hub, which will become the company’s 'global centre of excellence' is expected to create around 20 new high value jobs once fully operational.
“The MRCF grant funding is critical to facilitating the success of the first wave and tidal arrays in Scotland, while reducing the cost and risk of the technology,” said EMEC in a press release.