If we are successful we are confident that Morlais will be one of the most sought after tidal energy
sites in the world."
THE rst full-scale tidal energy
generator in Wales has been unveiled.
Marine Current Turbines is investigating the feasibility of building a seven unit tidal energy
farm in waters off the coast near Holyhead.
A study has also recently been commissioned to identify opportunities for the local fishing industry arising from tidal energy
The investor, which finances major global infrastructure projects with a long-term return on investment criteria, had initially planned to invest PS3m into the project - which is being spearheaded by Severn Tidal Energy
In particular he is keen to see the development of tidal energy
in North Wales.
The firm has been named today as the first recipient of funds from the PS10m Saltire Tidal Energy
Challenge Fund, with the money going towards development of the next generation of its two-megawatt O2 device.
Scottish engineering company Orbital Marine Power (Orbital) will use the money to deliver the next generation O2 2MW floating tidal energy
turbine, capable of powering more than 1,700 homes per year.
Summary: Global wave and tidal energy
market was valued at US$ 497.7 Mn in 2014 and is anticipated to reach US$ 11345.0 Mn in 2024, expanding at a CAGR of 23.2% from 2016 to 2024.