Help Sitemap Home Skip Navigation Contact Us Disability Statement


Wave energy firm agrees £2m deal

Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image

Published Date: 22 March 2009
SCOTLAND'S ambition to become a leader in marine energy will take another step forward tomorrow with the announcement of a £2m contract to install the UK's first near-shore wave energy generator off the coast of Orkney.
Aquamarine Power, a renewable energy firm based in Edinburgh, has signed a £2m contract with marine construction group Fugro Seacore to install its 'Oyster' convertor at the European Marine Energy Centre (EMEC) in Orkney.

The technology, designed
for waters of between eight and 16 metres in depth, is expected to be installed 500 metres offshore by the autumn.

It is hoped that it will contribute between 300kW and 600kW to the National Grid, a small step towards the Scottish Government's goal to source 50% of the country's electricity from renewable sources by 2020.

The scheme in Orkney is the first in what Aquamarine hopes will be a string of projects after it last month agreed a joint venture with a subsidiary of Scottish & Southern Energy to develop one gigawatt of wave and tidal power off the coast of the UK and Ireland by 2020.

The deal with Airtricity, the renewable energy firm acquired by SSE in 2008 for £1bn, was heralded as "the biggest deal in the history of marine energy".

Work has also begun on another unnamed location and Aquamarine is investigating several other sites.

Aquamarine's Oyster converter consists of a single pump which, when hit by a wave, sends high-pressure water through a pipeline beneath the sea to an onshore generator. This then converts the water into electricity using hydroelectric generators.

Martin McAdam, chief executive of Aquamarine Power, said: "The future of electricity generated from wave energy starts now."

So far marine energy has been slow off the starting block compared with more developed technologies such as hydro and wind power, but experts predict that Scotland could eventually account for 25% of Europe's total tidal electricity generation and 10% of wave energy generation.

The Scottish Government-backed EMEC already plays host to two other marine energy technologies including a deep-water floating device designed by Edinburgh firm Pelamis Wave Power.

However, it is thought it will be several years before marine energy becomes a credible, commercially viable force in renewable energy generation.

According to figures from the Scottish Government, there are currently 0.5 megawatts (MW) of installed and planned wave capacity in Scotland compared with 1,550MW for wind, 1,380MW for hydro and 79MW for biomass.

At a renewable energy conference held in Edinburgh last month, Neil Kermode, managing director of EMEC, admitted: "The industry is much closer at the moment to the Wright brothers than to Airbus."



Page 1 of 1

 
1

Linoleum Blownapart,

21/03/2009 18:35:08
Excellent news.
2

Evolution in action,

St Andrews 21/03/2009 22:42:05

A GE (USA) 1.5MW wind turbine (real power 300kW at 10mph wind))costs $13M. Two Million is less than RBS were giving away for a 125% loan on an Ediburgh flat 1 year sgo. Chance of this project being sucessful, slim!

3

Brumont,

Qatar 22/03/2009 06:25:56
What an odd comment above.
1.5mw for $13m equates to aprox £3m per 0.5mw.
If the project can successfully perform at a 33% discount to that cost (at theoretical output levels) then well done....!
Any right minded person will be being positive about the attempt while hoping for success...!
4

nabodican,

Rural Scotland 22/03/2009 07:16:27
Stop the subsidy for wind and give it to marine generation and then you will get some action.
Until then they will go for the easy money from wind until Scotland is fully turbinised.
Meanwhile we still need Longannet,Cockenzie, Torness and Hunterston.
The 50% target from wind power(that is the only show in town) is pure pie in the sky nonsense, as well as being nigh on impossible unless they include clean energy from nuclear power.
5

The Strategist,

22/03/2009 10:21:25
I think Neil Kermode sums it up very well. This is a very young industry which will inevitably suffer some engineering failurs. Personally, I've never been convinced by wave power because it creates huge extremes....Tidal energy is much more predictable and stable.
6

Mikko,

Drumnadrochit 22/03/2009 16:08:07
Fred the Shred's pension is worth 15 times that much and the banks get hundreds of billions not lousy millions. What a farce.

 

Comment on this Story

 

In order to post comments you must Register or Sign In

 
 
 
  

 
 


Sister Newspapers:
Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.