A tidal surge for Scottish energy?

Tidalpic

© Mike Brookes/Aquamarine Power

In Energy Voice today:

‘A “nice little industry” is emerging in the north of Scotland tidal energy sector, a top renewables analyst has said. Adam Forsyth, director of renewables and infrastructure at financial services firm Cantor Fitzgerald, said last night that the continued success of Scottish tidal firms such as Simec Atlantis Energy (SAE) has created a “rising tide” in the sector. Cantor Fitzgerald’s financial forecast for SAE said the firm’s “growing experience in marine interventions” meant it was viewed as much less of a risk than “during original deployment”. He said: “The Andritz Hammerfest Hydro (AHH) turbines being taken out of the water and serviced on a vessel then put back in, all in 30 hours without the vessel going back to the port, that seems to me quite a major development. If they can do that every time, and cut down some of their interventions, in that manner that itself is improvement.’

https://www.energyvoice.com/otherenergy/185549/nice-little-industry-emerging-in-scottish-tidal-sector-top-analyst-says/

Two earlier reports on this

More signs of a tidal surge in Scotland’s renewables industry

World’s largest tidal power array comes on line in Pentland Firth and is ‘a triumph of public policy’ due to Scottish Government support

 

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4 thoughts on “A tidal surge for Scottish energy?

  1. Graham MacLure November 8, 2018 / 10:49 am

    Very interesting article. I recently read that Orbital Marine an Orkney based successful wave power pioneer is raising about seven million pounds by a form of crowd funding thereby shutting out the London bankers. Sounds similar to Brew Dog with their massive number of individual investors.
    Google Orbital Marine for better information.

    Liked by 1 person

    • Graham MacLure November 8, 2018 / 2:22 pm

      Sorry John , senior moment 😚.

      Liked by 1 person

      • johnrobertson834 November 8, 2018 / 6:32 pm

        Now called CRAFT

        Can’t remember a fn thing!

        Like

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