Report highlights economic barriers to large-scale marine energy technology

A report commissioned by Crown Estate Scotland has found that there are high economic barriers to implementing large-scale marine projects.

Published on 4 April, the report was commissioned to investigate how the integration of offshore renewables into a localised energy system can support the commercial viability of offshore renewable projects.

It concluded that there is a lack of funding options for large-scale marine renewables projects due to a lack of technology maturity and the long-term outlook for their competitiveness against other renewables technologies.

It also found “no real incentive to select offshore over mature onshore renewables” due to the former being more expensive and higher risk for investors.

Crown Estate Scotland

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