The DTI's Marine Renewables Deployment Fund has granted £4.5M to an ambitious, deep-sea electricity socket, to be sited in the waters 10 miles off the Cornish coast.
If consented, the Wave Hub scheme, spearheaded by theSouth West of England Regional Development Agency (RDA), will act as a giant extension cable connecting up to four innovative wave energy devices to the national grid.The total costs of the project is estimated to be £20M. The government's consultation on the Wave Hub consent application with the relevant stakeholders is due to close on 1 September and a decision is expected by the end of the yearCommenting on the grant, Minister for Energy Malcolm Wicks said:'As an island nation the UK has an invaluable resource in terms ofmarine energy and we are leading the world in developing theinfrastructure to harness the power of the seas.'We said in the Energy Review that we will be consulting later thisyear on how we can make the production of marine energy under theRenewables Obligation more valuable for developers but we have againunderlined the Government's ongoing commitment with the injection ofup to £4.5 million into the Wave Hub.'The project has still to get through a robust consent process beforegetting into the water, and to finalise the device developers whowill connect to it. But if successful, it will be a shining exampleof UK innovation that could provide three per cent of Cornwall'selectricity needs. That is up 20 MW of renewable and secure emissionfree energy powering 7,500 homes.'