SSE Reviews Its Wave and Tidal Projects (UK)

Following recent media speculation surrounding SSE’s future involvement in marine development projects, the company has confirmed the following:

“SSE is currently undertaking a review of its marine (wave and tidal) portfolio and assessing options for the progression of the development projects involved. This process involves engaging with our respective joint venture partners and a number of other key stakeholders in the sector.

“Although there is considerable marine energy technology development to be done over the next few years, SSE continues to believe that marine-based technologies (wave and tidal) have the potential to make an important contribution to the UK’s renewable generation capacity in the next decade. We are working on a plan which will maintain interest in SSE’s marine development projects and facilitate additional third party involvement in the future to help take the projects forward to consent application, commercial-scale investment readiness and ultimately delivery of new marine generation capacity.”

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Press release, October 3, 2013; Image: SSE