Scottish govt launches marine energy fund - 24/05/2012

The Scottish government had confirmed the launch of a new scheme to encourage investment in marine energy in the nation, which could help people get cheap electricity from renewable sources.

Developers looking to take advantage of the nation's wave and tidal potential have been encouraged to bid for a portion of the £18 million available through the Marine Renewables Commercialisation Fund.

First minister Alex Salmond said Scotland is at the forefront of marine technology and the new scheme will bring together expertise from the government and industry.

"It will help move the wave and tidal sector from prototype devices to commercially-viable arrays, producing increasing amounts of electricity solely from the power of the seas and deliver a lasting legacy for future generations," he added.

Head of technology acceleration at the Carbon Trust Dr Stephen Wyatt noted Scotland is a hot bed of innovation in green energy, which makes marine power an exciting growth area.

The move comes shortly after Scottish Power announced the successful installation of a prototype 1MW tidal energy generator that is providing power to homes and businesses on Orkney.

Switching to a green energy tariff can slash your CO2 footprint by two tonnes and also save you £100s a year! Click here to compare green energy tariffs.

Share this story with your friends:-