Nova Innovation secures €20M from EU for 4MW tidal energy project

Nova Innovation, a world leader in marine energy, has secured €20M of EU funding for a 4MW tidal energy farm that will be home to the largest number of tidal turbines anywhere in the world.

Responding, Morag Watson, Director of Policy at Scottish Renewables, said:

“Together with Scotland’s incredible, world-class natural resource and a growing number of supply chain businesses dedicated to providing quality local content, the news about SEASTAR spells the start of a new chapter in the tidal energy story.

“The key to tidal deployment at scale has always been cost reduction, and SEASTAR will enable Nova Innovation to do that by allowing mass fabrication of new undersea power devices at its HQ in Leith.

“Today’s announcement shows that the future of tidal energy, like its development to date, lies in Scotland’s seas.”

Ends

Notes

• More on the Nova Innovation announcement, here