28 Jul 2011 10:07:06
Siadar wave energy project faces setback
The world's largest wave energy project is facing an uncertain future after key investor RWE pulled out.
Located on the island of Lewis, Scotland, the Siadar wave energy development would have provided 4MW of energy, making it the largest facility of its kind in the world.
However, the withdrawal of RWE's support has cast doubt over its future, although the power company said it will still be looking to develop marine energy in the region.
"Tidal seems simpler to develop and it's going to be easier and quicker to develop than the Siadar technology," a spokesperson told BusinessGreen.
Approval for the Siadar plant was granted by the Scottish government in 2009 and plans consist of a concrete breakwater structure located around 350m off the cost of Saidar Bay.
Voith Hydro Wavegen is now responsible for the future of the project and has reassured the Financial Times it is looking to continue with development.
Chief executive Matthew Seed said: "We are discussing it with several possible partners."