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The higher capital costs of marine projects means the latest leasing round by The Crown Estate, which awarded contracts totaling 1.2GW, is optimistic at best

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Harnessing the full potential of marine energy could provide enough power for up to 15 million homes and save up to 70 million tonnes of C02 by 2050 according to the Government’s Marine Energy Action Plan, released today. The document also highlights the potential for the marine energy sector to provide up to 16,000 jobs, with a quarter of these in exports.

Marine Energy Action Plan marine energy tidal energy wave energy

Six promising marine energy technologies will share 22 million pounds ($35.04 million) of UK government funding to speed up deployment of full scale prototypes, the Carbon Trust said on Tuesday.

tidal power marine energy Carbon Trust