Scottish renewables marine energy sector looks to Atlantis/ Meygen for investment inspiration

A CGI image of a  1.5MW AR1500 Lockheed Martin aqua-turbine planned for installation in the MeyGen project in the Pentland Firth.
A CGI image of a 1.5MW AR1500 Lockheed Martin aqua-turbine planned for installation in the MeyGen project in the Pentland Firth.

This year’s annual Saltire Prize lecture features two speakers – Mary McAllan, Director the Scottish Government’s Dept of Energy and Climate Change, and Tony Lewis, Emeritus Beaufort Professor from University College, Cork.

They will present their lecture next week in Inverness as part of a Scottish Renewables marine energy conference.

Meanwhile, the main business of the day will include a discussion on the Atlantis/ MeyGen tidal turbine project in the Pentland Firth.

This is the first tidal stream array in the world to reach a positive financial investment decision. Most of the money was raised by Atlantis via a stock-market flotation with substantial – albeit still minor – sums provided by the Scottish government.

A major question for the Scottish marine energy sector is how can the industry re-stimulate private finance into Scotland’s wave energy industry.

The following day, those providing technology updates include MeyGen Chief Executive Dan Pearson and Stuart Brown, Chief Executive of the FloWave Ocean Energy Research Facility, which is based at Edinburgh university.

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