On Tuesday 18 December 2012 the European Commission announced EU funding for two UK tidal projects under its NER 300 scheme; Scottish Power Renewables (SPR) Sound of Islay Demonstration Tidal Array, 20.7m € and Marine Current Turbines (MCT) Kyle Rhea Tidal Turbine Array project, 18.4m €.
Energy and Climate Change Minister Greg Barker said:
“European funding for Scottish Power Renewables and Marine Current Turbines’ tidal projects is great news for the UK’s marine energy sector and further underpins the UK’s position as a world leader in this source of clean green power.
“This new investment is a fantastic opportunity for these projects to demonstrate the future potential of marine energy and I am delighted that two UK firms have the chance to take advantage of this funding and drive forward further development of tidal technologies.”
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Press release, December 19, 2012; Image: DECC