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'Saudi Arabia' of marine energy signs contracts



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This is a very interesting new energy project. Besides the project itself, it's also interesting to note that one of the energy companies involved had previously been promoting a coal energy project which was stopped after protests. In France, the energy company has to purchase a certain percentage of their power from such sources. (I believe it's either 10% or 15%.) Google has recently been called out for moving a new data center to an area that uses coal energy as opposed somewhere that uses green energy. It's important that governments encourage alternative energy projects like this but it's also helpful if businesses encourage and reward the same. Cool stuff.

The seabed off the north coast of Scotland could be transformed into the "Saudi Arabia of marine energy" after seven power firms were awarded contracts for a landmark project designed to harness the area's potential for tidal energy and power up to 750,000 homes by 2020.

More than 20 firms were originally in the running for the project, billed as the world's first commercial wave and tidal scheme, in the Pentland Firth between northern Scotland and the Orkney Islands.

Yesterday, the seven successful bidders were informed by the Crown Estate, which owns much of the UK seabed and is funding the project alongside the Scottish government and local partners.


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