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Scotland supports green energy fund | Scotland supports green energy fund |
(about 7 hours later) | |
Economic development agency Scottish Enterprise is putting £450,000 into an international fund which supports renewable energy projects. | Economic development agency Scottish Enterprise is putting £450,000 into an international fund which supports renewable energy projects. |
The fund, worth about £5.5m, aims to back ocean-related schemes like wave and tidal technology. | The fund, worth about £5.5m, aims to back ocean-related schemes like wave and tidal technology. |
Countries including the UK, Spain, France and Ireland will be able to apply for cash when the fund opens on 23 October. | Countries including the UK, Spain, France and Ireland will be able to apply for cash when the fund opens on 23 October. |
It is being spearheaded by the Ocean Energy European Research Area Network. | It is being spearheaded by the Ocean Energy European Research Area Network. |
Scottish Energy Minister Fergus Ewing, who announced the Scottish Enterprise funding at the Ocean Energy Conference in Paris, said: "This is an opportunity for Scottish companies to develop ocean energy technologies and research new tools and methods to tackle some of the key challenges which exist in the sector. | Scottish Energy Minister Fergus Ewing, who announced the Scottish Enterprise funding at the Ocean Energy Conference in Paris, said: "This is an opportunity for Scottish companies to develop ocean energy technologies and research new tools and methods to tackle some of the key challenges which exist in the sector. |
"We know that the successful harnessing of ocean power takes hard work and persistence which is why we are determined to support those in the industry." | "We know that the successful harnessing of ocean power takes hard work and persistence which is why we are determined to support those in the industry." |
The Ocean Energy European Research Area Network is a consortium of 16 research, economic development and energy agencies from nine member states - UK, Ireland, Sweden, Denmark, Netherlands, Belgium, France, Spain and Portugal. | The Ocean Energy European Research Area Network is a consortium of 16 research, economic development and energy agencies from nine member states - UK, Ireland, Sweden, Denmark, Netherlands, Belgium, France, Spain and Portugal. |
WWF Scotland director Lang Banks said it was a welcome initiative that could eventually benefit many Scottish-based renewables firms. | |
He said: "It has been estimated that by 2050 the global wave and tidal energy market will be worth £50bn. | |
"With this and other support from government, Scotland is well placed to lead the world on marine renewables and capture a significant share of this business. | |
"Alongside energy-saving measures, wave and tidal energy have the potential to play an important role in cutting climate emissions from our power supply long-term." |
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