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Wave and Tidal Supply Chain Development Plan

23 February 2015  
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Wave and Tidal Supply Chain Development Plan

Supply chain capability and enabling action recommendations

BVG Associates

The development of the wave and tidal energy industries represents a significant opportunity for the UK. The wave energy industry in Scotland is currently leading the world in device development and installation and, although we see other nations catching up, the UK tidal sector as a whole remains in pole position. Scottish Enterprise (SE) estimated that the total spend on wave and tidal energy systems in Europe for the period from 2014 to 2030 will be over £15 billion. Over 80% of this will be on device manufacture, balance of plant and installation.

The wave and tidal sectors have, though, been weakened in the UK in the last quarter of 2014 by Siemens putting Marine Current Turbines up for sale to exit the sector, by Pelamis entering receivership with no buyer being found, and by job cuts at Aquamarine Power. In the same period, the Scottish Government has set up Wave Energy Scotland to focus on collaborative work to develop critical components, optimal technology selection and cost reduction.

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