The Scottish government has awarded £3.4mn funding to help build the world’s most powerful floating tidal turbine.
On 26 August, it confirmed that Scottish-based engineering firm, Orbital Marine Power, had been the first recipient of funding under the its £10mn Saltire Tidal Energy Challenge Fund. The money will be used to deliver the next generation O2 2MW Floating Tidal Energy Turbine. Owed to its turbine rotors being able to be turned 360°, the project will be able to extract power from both tidal directions.
Scottish Energy Minister Paul Wheelhouse said: “We believe tidal energy technology can not only play an important role in our own future energy system, but it has substantial export potential and this fund will help move tidal technologies closer to commercial deployment. However, the large scale roll out of both tidal and wave energy technologies has been harmed by the UK government’s decision in 2016 to abandon its commitment to provide ring-fenced funding support.”
Wheelhouse called on UK ministers to “act quickly” to provide revenue support to the marine renewables sector, ensuring it is able to achieve its economic potential.