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Scotland Gives Five Ocean Energy Developers $12.5 Million

Scotland Gives Five Ocean Energy Developers $12.5 Million

The Scottish government is giving five wave- and tidal-energy developers 7.9 million pounds ($12.5 million) to develop prototypes off the country's coast.

The funding “is to enable Scottish developers and supply chain firms to capture an increased share of the growing international marine energy market,” according to a government statement today. The technology may be worth as much as 4 billion pounds to the nation’s economy by 2020.

Scotrenewables Tidal Power Ltd. will receive 1.2 million pounds toward a 9.2-million-pound project to install commercial- scale tidal turbines. “This funding will allow us to progress to the next stage in the development of our floating tidal technology,” John McGlynn, the company’s business development manager, said in the statement.

The government granted 3.9 million pounds to AWS Ocean Energy Ltd., 1.4 million pounds to Nautricity Ltd., 750,000 to Oceanflow Energy Ltd., and 617,000 to Albatern Ltd.

Copyright 2012 Bloomberg

Lead image: Blue ocean via Shutterstock



EU Raises Concern That UK, France Won't Meet Renewables Goal

Alex Morales and Ewa Krukowska, Bloomberg

The European Commission raised concern that the U.K. and France may not meet their 2020 renewable energy targets, saying the two countries should examine whether they’re doing enough to reach the goals.

A biogas plant concept from Weltec Biopower

Europe Versus Renewable Energy?

Tildy Bayar, Contributor Wednesday morning’s 'Regulation and the Marketplace' panel discussion at POWER-GEN Europe in Amsterdam got off to a lively start with a presentation from Randy Mott, president of Polish biogas- and geothermal-bas...
Wind turbines

Why It's Time To Get Real About Energy Security

Hannah Smith, Contributor Energy is Europe’s quiet crisis. While the clamour of failing economies, desperate migrants and political clashes grabs the headlines, energy policy is rarely front-page news, but it should be — the statistics are shocking.

The Big Question: What Is the Most Frustrating Part about Working in Renewable Energy?

Renewable Energy World Editors

Every industry has its challenges and misunderstandings. Sometimes the obstacles we face in simply trying to do our jobs can be very frustrating.


Volume 18, Issue 3


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