Nova Innovation receives funds for tidal energy in North Wales

11/08/2017 11:36 Hydro

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UK tidal energy generator Nova Innovation has been awarded £265,000 for the development of a tidal project at Bardsey Sound in north Wales.

The commercial manager at Nova Innovation said that it is a challenging opportunity for the company and for Wales to prove that they can substantially contribute to UK’s energy mix, since UK’s tidal stream energy has the potential to generate close to 20% of the country’s energy demands.

 

The financial aid will also enable Nova to invest in the local supply and help create new jobs, thus reviving the coastal settlements. 

 

The first stage of the project will be the appraisal of the project’s practicability, and together with the Environmental Impact assessment, the whole process will take around a year to complete. After that, Marine Resource Wales needs to receive a marine license application, which will extend the wait to another year, as the regulator will have to check the application and make a decision.
 

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