Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Calls for £500M investment to make UK world leader in wave and tidal power

RenewableUK - formerly the British Wind Energy Association - has demanded £500M from government to prime the wave, tidal and offshore markets and propel the UK into a world leader.

Ambitious plans drawn-up by the RenewableUK see a massive £500M investment into the marine, tidal and offshore wind sectors over the next two years to ensure the UK maintains its lead.

RenewableUK says 1-2GW of wave and tidal power, enough to power 1.4M homes, could be powered online by 2020.

The government also released its Strategic Environmental Assessment (SEA) for wave and tidal power, unlocking £60M in research and development for new technologies, but RenewableUK say much more money must be invested.

£150M-£200M should be invested in wave and tidal, they say, with a further £300M in offshore wind.

RenewableUK chief executive Maria McCaffrey said the £200M needed for wave and tidal was: “relatively modest”, but would bring huge returns.

RenewableUK’s Head of Offshore Renewables, Peter Madigan, said: “The SEA for offshore energy is a welcome initiative. However, there needs to be a greater awareness on the initial investment needs of this industry. The Danish government spent £1.3bn to establish onshore wind, which currently brings £2.7bn per year inrevenue.

“A properly capitalised wave and tidal sector could create 43,500 direct jobs and generate a potential £4.2bn per year in revenue for the UK economy,” he said.

According to RenewableUK figures, the UK is the world leader in wave and tidal, with some 2.4MW of installed power, another 27MW with planning consent, and 77.5MW of projects in planning.

It says 700MW of installed power is expected in the Pentland Firth alone by 2020.

Readers' comments (3)

  • I like the way they have "demanded" £500M quid... and from a government that can't even afford to keep it's schools and hospitals running without borrowing billions from overseas... good luck getting the money guys...

    Unsuitable or offensive? Report this comment

  • If they are successful, where can I get my hands on a slice? I would like to propose a scheme to collect tidal energy - not sure where to start though. Do ingenious tidal power generators need patents?

    Unsuitable or offensive? Report this comment

  • Strange, Since when has the UK been a world leader in tidal and wind energy? Renewables UK is an industry lobby funded by those with a vested interest. Renewable energy is heavily subsidised by the public through the RO and their electricity Bills. The article says that irrespective of additional research funds some 700 MW will be installed in the Pentlanfd Firth by 2020. This is probably an investment in the order of £2.8 billion. If this is the case then £150 to £200 million of dditional funds for research are small beer for the investors to bear. It sounds to me like Renewables UK want to be part of the client economy.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.

Related Jobs