Tidal Power
(asked on 22nd January 2024) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what steps her Department is taking to support the (a) development of and (b) private investment in marine energy technologies; and whether she has made an assessment of the implications for her policies of the announcement of Horizon Europe Programme funding for the EURO-TIDES multi-turbine tidal energy project.
Answered by
Andrew Bowie
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Government continues to support the development of marine energy technologies through research funding. This is on top of the unprecedented 94MW of tidal stream capacity that has been secured through the Contracts for Difference scheme.
The Department continues to engage with the Department for Business and Trade on maximising private investment opportunities for the marine energy sector.
The recent success of UK tidal stream developers in securing Horizon Europe funding will be of great benefit to the UK and is representative of the UK’s strength in the tidal sector.