Marine energy worth £8 billion to Scottish economy, report finds

A new report from the University of Edinburgh has highlighted the potential for tidal stream and wave energy projects to be worth more than £8 billion to the Scottish economy by 2050 and to support more than 15,000 jobs.

Maggie Olson-Jow, Policy Manager of Offshore and New Technologies at Scottish Renewables, said:

“The energy contained in Scotland’s seas is a vast and relatively untapped resource. 

“The University of Edinburgh’s report highlighting the potential economic opportunity of wave and tidal energy should come as a shot in the arm to the marine energy sector and show investors the scale of the prize that is ready to be grasped.

“Scottish Renewables will continue to work with both the Scottish and UK governments to build support and secure funding for these technologies which deserve to take their place in the UK’s clean energy toolbox.”

Notes to editors

• Find the 'Future Economic Potential of Tidal Stream and Wave Energy in Scotland report' on the Scottish Enterprise website.