Ocean Energy Industry Road Map for Scotland Released

A Marine Energy Road Map which was published this week by the Scottish Government’s Marine Energy Group (MEG). The road map suggests that the marine energy industry could provide up to 12,500 jobs contributing £2.5 billion [US $4 billion] to the Scottish economy by 2020.

The report provides recommendations for the Scottish and UK Governments, public bodies and the private sector to help ensure that Scotland’s marine energy industry realizes its full potential.

It calls for the Scottish Government to review its grid infrastructure, an upgrade to which would required to support growth and take a fresh look at the levels of support available under the renewables obligation. It also calls for the Scottish Treasury to do more to help the sector, including the release of the Fossil Fuel Levy surplus funds to help promote renewables in Scotland.

Aquamarine Power, a developer that is currently developing the UK’s first nearshore wave energy converter, known as Oyster, supported the report and it’s recommendations.

“The report reflects a consensus across the marine energy industry and a shared vision of how we will drive the industry forward to realise its full potential for Scotland,” said Martin McAdam, CEO of Aquamarine Power. “Scotland has a global lead in marine renewable technology but the next step, building and developing commercial wave and tidal farms to prove the long-term viability of the technology, will cost each developer between £30 million and £50 million. Much of this is being raised from the private sector, but at this early stage of the industry, government support is essential.

To download a copy of the report, click here.

Authors

Previous articleCrystalline Si solar cells and the microelectronics experience
Next articleIC foundry UMC toes PV waters

No posts to display