21 Jul 2011 09:07:11
Welsh tidal energy project awarded European funding
Over £6 million of European funding has been granted to renewables company Tidal Energy for the development of a tidal stream project in Pembrokeshire.
The Welsh government, through the European Regional Development Fund, awarded £6.4 million to the company which will allow it to progress with plans for the first full-scale tidal stream energy generator in Wales.
Residents of St Davids are to receive energy from the DeltaStream device, sited in Ramsay Sound, Pembrokeshire, as part of a 12-month pilot project.
Martin Murphy, managing director of Tidal Energy, said: "The next step for the scheme will be the manufacture of the DeltaStream device, ready for installation in 2012.
"Procurement for the fabrication and installation of DeltaStream is underway and the project will create a significant number of green jobs."
It's estimated that the UK is home to around 50 percent of Europe's tidal resources, with much of the current technical resource located in the far north of Scotland, away from the main centres of demand.