DECC’s shallow government support for marine energy is to blame for Scottish wave developer Aquamarine Power’s decision to call in the administrators, according to the Renewable Energy Association.
The trade body said yesterday’s move by Aquamarine was a “by-product of the investment uncertainty this government has caused in renewables”.
REA ocean energy group chair Max Carcas said if DECC had the commitment provided to the proposed Hinkley Point C nuclear plant, it could provide cheaper energy and at a larger scale.
“We have seen strategic leadership on nuclear, fracking and High-Speed 2 but little in making use of the unlimited energy resource surrounding our coasts,” said Carcas.
He added: “We know there is real potential for this new energy technology to be a significant export earner for the UK . . . yet we don’t have a strategy for making it happen.”
Image: Oyster 800 (Aquamarine)
