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Crown Estate unveils 20m investment plan to power up UK wave and tidal industry

2013-01-16 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The UK's fledgling wave and tidal energy industry is set to receive a major boost today, with the news the Crown Estate is prepared to co-invest up to 20m in demonstration projects. The owner of the UK seabed confirmed it is looking to help finance the construction of two wave or tidal array projects, which are able to reach financial close in the next 14 months. An increasing number of marine energy developers in the UK are seeking to move from prototype designs to deploying full-scale arrays,...

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