The Scottish Government has announced on 26 August that it has been awarded engineering company Orbital Marine Power £3.4mn as funds for its floating tidal turbine.
The funding will be used to deliver the next generation O2 2MW Floating Tidal Energy Turbine, capable of powering more than 1,700 homes per year. The turbine will eventually be installed at the European Marine Energy Centre in Orkney.
The money is from the £10mn Saltire Tidal Energy Challenge Fund announced in February, which supports the development of tidal energy in Scotland. The fund is open until 6 December 2019.
Scotland has become one of the first to establish a world leader in marine renewable technologies and this project represents a significant step forward in technological development. Scotland’s Energy Minister Paul Wheelhouse was delighted to the fact that his landmark turbine, designed by an innovative Scottish company and it will also be manufactured in Scotland.
Orbital Marine Power’s Chief Executive Officer Andrew Scott said: “The O2 project will demonstrate how this emerging industrial sector can deliver new jobs and open up diversification opportunities for the UK’s supply chain in a growing global market whilst pioneering solutions for a zero-carbon future.”
Scotland has taken a successful step towards acknowledging the threats of climate change and working in renewable and naturally available resources to generate power and reduced the impact on the environment. It is high time for other countries to get inspired by the same and take steps to tackle climate change.