DECC Retracts Funding for Skerries Tidal Stream Array

The Skerries Tidal Stream Array, owned by Marine Current Turbine (MCT) subsidiary Sea Generation (Wales) Ltd, has been notified by the Department of Energy & Climate Change (DECC) that the conditional offer of funding under DECC’s Marine Energy Array Demonstration Fund (MEAD) has been withdrawn.

While significant progress has been made on the Skerries project, it is not now expected that the project delivery milestones required by the MEAD Fund can be achieved in the necessary timescale.

MCT remains committed to the Skerries project and will continue to work with DECC and other key stakeholders to deliver the project. Tidal energy will play an important future role in delivering the UK’s low carbon economy and creating long term sustainable jobs.

DECC spokesperson said: “After careful consideration and discussion with MCT Siemens management, we have taken the prudent decision to retract the funding and use it elsewhere within our innovation programme. Tidal energy has considerable potential and the project is a pioneering attempt to accelerate the development of tidal stream energy technology by supporting the deployment of first arrays. We understand the company is considering other sources of state funding, and we will offer support towards these efforts where appropriate.”

Press Release, June 19, 2014

 

Share this article

Follow Subsea World News

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

9th Annual Submarine Power Cable and Interconnection Forum

This year’s Advance Submarine Power Cable and Interconnection conference will focus on the cutting edge thinking that is emerging across…

read more >

The 24th Annual PNEC Conference & Exhibition

The 24th annual PNEC Conference and Exhibition  will bring together the industry thought leaders and technology providers that enable the management…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >