- Press Releases
March 22 (Renewables Now) - The Morlais tidal stream demonstration project in Wales has been awarded GBP 31 million (USD 40.8m/EUR 37m) by the Welsh government under the current 2014-2020 EU Structural Funds programme, it was announced on Tuesday.
The project, led by social enterprise Menter Mon, is intended to provide infrastructure to developers of tidal energy converters to deploy devices and could see the generation of up to 240 MW off the coast of Anglesey.
The Welsh government said the funding is potentially the last large grant from the EU’s regional funding programme. It is part of a GBP-105-million EU funds investment in marine energy projects in Wales.
In addition, the Crown Estate will invest GBP 1.2 million to help the project prepare its environmental monitoring and mitigation package.
“We want to establish Wales as the location of choice for tidal stream developers and the supply chain,” Wales’ Climate Change Minister Julie James said.
“We look to the industry to use this opportunity and work together to demonstrate the cost reductions and private investment that will help establish this clean, resilient and ethical power as a significant part of the global energy system,” James added.
The Morlais project was granted consent by the Welsh government and Natural Resources Wales in December 2021.
(GBP 1 = USD 1.318/EUR 1.194)