UK to back marine renewables

UK seabed landlord the Crown Estate has earmarked as much as £20m ($32m) to back two front-running wave and tidal energy array projects in British waters, in line with a strategy aimed at nurturing the emerging marine renewables industries.

The money, which would be stumped up “alongside other companies and in parallel with grant support from government”, would be used to spur construction of multi-turbine developments with total installed capacities of 3MW or more.

“Several wave and tidal stream technologies are now proven and it is timely for the industry to move on to demonstration projects,” says Crown Estate energy and infrastructure portfolio director Rob Hastings.

“First arrays are important because they are on the critical path to larger schemes around the UK and worldwide.  By bringing our capital and expertise to…

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