Wave and tidal energy: Government urged to act to secure UK’s global lead – Renewable Energy Focus

See on Scoop.itGreen & Sustainable News

The UK’s wave and tidal energy industries say they will only be able to grow successfully if they get the right level of support from Government – otherwise Britain risks surrendering its world lead in marine energy.

Duane Tilden‘s insight:

The initial strike price for the first generation of tidal arrays should be set at £280-300/MWh, RenewableUK says. For wave technology, the initial strike price should be £300-320/MWh. “This will catalyse the marine energy industry, leading to economies of scale and learning through experience, which will lower the strike price for the second generation of arrays in 2018.” Meantime, under EMR, contracts would only last for 15 years – the report says this should be extended to 20 years to give investors an adequate return – otherwise the strike price would have to be higher.

 

“The wave and tidal energy industry has reached an exciting period as it moves from single device demonstrator projects to the first small proving arrays,” says Krohn. “However, there are significant hurdles that need to be overcome to ensure the sustained growth of the industry. It’s time to get real about the potential risks so that we can work with Government and others to find the solutions as early as possible.”

See on www.renewableenergyfocus.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s