Tidal Power
(asked on 29th March 2023) - 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 his Department is taking to incentivise new wave and tidal energy projects.
This question was answered on 17th April 2023
Wave and tidal energy projects are eligible to apply for the Contracts for Difference scheme. Allocation Round 5 opened on 30 March 2023. The budget available for emerging technologies is £35m, inclusive of a £10m ringfenced minimum for Tidal Stream.
In addition, the Government supports the development of new wave and tidal energy in the UK through a suite of research funding programmes.