9.7 C
Alba Iulia
Tuesday, May 26, 2020

£3.4m funding for world’s most powerful tidal turbine

Subscribe to our newsletter

We will never spam , sell or share your details

Scottish Government funding of £3.4 million has been awarded to help build the world’s most powerful floating tidal turbine.

Scottish engineering company Orbital Marine Power (Orbital) has been awarded the money as the first recipient of the Scottish Government’s £10 million Saltire Tidal Energy Challenge Fund.

The funding will be used to deliver the next generation O2 2MW Floating Tidal Energy Turbine, capable of powering more than 1,700 homes per year.

Scotland’s Energy Minister Paul Wheelhouse said:

“We have established a world lead in marine renewable technologies and this project represents a significant step forward in technological development. We are delighted this landmark turbine, designed by an innovative Scottish company, will also be built in Scotland.

“We believe tidal energy technology can not only play an important role in our own future energy system, but it has substantial export potential and this fund will help move tidal technologies closer to commercial deployment.

“However, the large scale roll out of both tidal and wave energy technologies has been harmed by the UK Government’s decision in 2016 to abandon its commitment to provide ring-fenced funding support.

“UK ministers must act quickly to provide the revenue support this exciting and innovative sector requires to achieve its economic potential.”

Orbital’s Chief Executive Officer Andrew Scott said:

“We greatly appreciate the Scottish Government’s ongoing commitment and support for tidal stream energy, and this award will enable us to deliver a truly exciting and transformational project and continue the proud tradition of Scottish innovation and engineering.

“The O2 project will demonstrate how this emerging industrial sector has the ability to deliver new jobs and open up diversification opportunities for the UK’s supply chain in a growing global market whilst pioneering solutions for a zero carbon future.”

Advertisement
Aberdeen
few clouds
8.4 ° C
8.9 °
8 °
93 %
2.1kmh
20 %
Tue
13 °
Wed
11 °
Thu
15 °
Fri
15 °
Sat
16 °

Follow Us

Our Other Titles

Celebrate Aberdeen 2020 events cancelled

THE Celebrate Aberdeen 2020 events have been cancelled due to the current Covid-19 situation. The parade and events weekend were scheduled for August with the...

ECITB appoints new board members

The Engineering Construction Industry Training Board (ECITB) has announced the appointment of new board members to lead the organisation. Five new recruits to the boardoom...

Archer announces TAQA contract award

DRILLING contractor Archer has been awarded the contract for the removal of the Derrick equipment on the Cormorant Alpha by Taqa. The scope of services...

EnQuest confident of meeting targets

EnQuest said today it had “responded well” and that its operations were “materially unaffected” by the Covid-19 pandemic. The published operations update showed group production...

More Articles Like This