A total of £20m a year will be ring-fenced for tidal stream projects. The CfD scheme is the government’s primary method of encouraging investment in low-carbon electricity.
Audrey MacIver, director of energy transition and net zero at Highlands and Islands Enterprise (HIE), said:
“We are really pleased with this decision, which recognises the pivotal moment that Scotland’s marine energy sector has reached. It represents a step in the right direction towards tidal stream generation and we realise how critical this is in securing the UK’s lead.
“The Highlands and Islands, with its wave and tidal resources, testing infrastructure and supply chain expertise, is perfectly placed to capitalise on clean marine energy. We give credit to the European Marine Energy Centre (EMEC) and the tidal industry’s tenacity and perseverance in the region and the commitment they have shown in using local supply chains.
“Support for the sector is essential to achieving both economic recovery in our rural and coastal communities and the Scottish and UK governments’ net-zero ambitions.
“This investment announcement gives a huge boost to the sector, paving the way towards full commercialisation of tidal technology, in turn creating green jobs and strengthening energy security by adding to our diverse renewable energy supply.
The UK Government press release is at https://www.gov.uk/government/news/uk-government-announces-biggest-investment-into-britains-tidal-power
Related Articles
Shetland Livestock and Marketing Group embraces renewable energy for a sustainable future
An organisation that provides essential livestock marketing and meat processing services in Shetland is boosting energy efficiency and investing in new equipment.
HIE welcomes report of £8bn wave and tidal energy potential
Wave and tidal energy could deliver up to £8bn to Scotland’s economy by 2050, and support more than 15,000 jobs, including high-value employment in coastal communities.
£5m approved for Scapa Deep Water Quay
Ambitious plans to create a major new renewables hub in Orkney have been accelerated with a £5m grant to help take the project to the next stage.
Forres firm to boost turnover, cut carbon and create jobs
Investment by Forres-based Maclean’s Highland Bakery will create up to five new jobs
Elgin company to increase efficiency and cut carbon
Highland Galvanizers, is upgrading buildings equipment and infrastructure at is premises in the town’s Pinefield Industrial Estate where it employs 34 people
New support programme launched for food and drink sector
Food and Drink TechHUB will provide financial and advice support to help businesses, including social and community enterprises, with commercial growth and net zero transition activities.
Lochaber fabrication firm in further expansion
The improvements will enable the company to continue its growth through increased capacity and efficiencies in production.
Advanced technology will give Caithness firm a competitive edge
The new Leica scanner will enable Envision to offer a broader range of services to existing and new clients.
New report highlights economic opportunities in reducing emissions
A new report published today (Tuesday 16 July) outlines significant economic opportunities associated with reducing greenhouse gas emissions in the Highlands and Islands.