Tidal Power: Capital Investment
(asked on 26th June 2017) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he plans to take to incentivise investment in domestic tidal energy and wave power.
This question was answered on 3rd July 2017
Wave and tidal stream technologies are currently eligible to compete for support in the Contracts for Difference (CFD) allocation round process. CFDs provide efficient long-term support for, and incentivise investment in, low carbon electricity generation. The Government is currently assessing the recommendations of the Hendry Review into tidal lagoons and will publish a response in due course.