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|Delivering Long Term Support for Wave & Tidal Energy|
Delivering Long Term Support for Wave & Tidal Energy
Wave and tidal energy represent a significant opportunity for the UK, not just in developing a new source of low carbon generation, but also in growing a new engineering and manufacturing expertise in the UK.
In the last few years, the wave and tidal sector has grown substantially. Industry has successfully been through a prototype and testing phase and is now moving into deployment; installing small number of devices in arrays.
Over time the size of these arrays will increase; each increase allowing advances in learning and cost effectiveness.
Currently wave and tidal is supported by a combination of grant programmes and revenue support under the Renewables Obligation (RO). The RO will close in 2017 however, being replaced by the new Contract for Difference (CfD) being introduced as part of the government’s Electricity Market Reform programme, but delays to grid capacity in the north of Scotland will limit the amount of new generation that can connect before 2017.
RenewableUK is working to ensure that the government understands the need to allocate capacity to both wave and tidal technologies within the Contract for Difference mechanism, and ensure that sufficient capacity is supported to grow this important future industry.