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

Scottish firms form wave energy joint venture

Two Scottish companies have joined forces over a major deal to develop “next generation” wave energy technology.

Fife-based Burntisland Fabrications (BiFab) has been awarded a £4M contract by Aquamarine Power to build its latest wave energy device, dubbed Oyster 2.

The product will be constructed over the next six months at BiFab’s manufacturing plant at Methil on the Firth of Forth.

It will then be tested and developed at the European Marine Energy Centre near Stromness in Orkney. Those behind the project are hopeful it can be fully commercialised by 2014.

Details of the contract followed the announcement last week of a multimillion-pound investment in Aquamarine Power’s wave energy programme.

The Edinburgh-based company was given £8M from multinational power firm AAB, based in Switzerland, and £3M from existing shareholders.

Aquamarine chief executive Martin McAdam said the BiFab contract would “guarantee” skilled manufacturing jobs and “strengthen Scotland’s position as a world-leader in the marine energy industry”.

He said: “This contract demonstrates the jobs dividend that a thriving marine energy industry can create.

“Strong support from both Scottish and UK governments has enabled our company to leverage significant private sector investment, and this is resulting in major manufacturing contracts in Scotland and across the UK.

“In selecting BiFab to manufacture our next-generation Oyster device, Aquamarine Power has chosen a world-class fabrication contractor with over 20 years experience in the offshore oil and gas industry.”

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.