Posts Tagged ‘Marine Current Turbines’

Stoke Gifford tidal energy firm seeks investors

Posted on Tuesday 24th January 2012 at 12:17 pm by SH (Editor)

Stoke Gifford Business News

A Stoke Gifford engineering company is hoping to benefit from a new Government initiative that aims to encourage investment in marine renewable energy.

Marine Current Turbines (MCT), based at The Green, is recognised as a “world leading” technology developer in the prospectus for the UK’s first Marine Energy Park, launched yesterday in Bristol by Climate Change Minister Greg Barker.

The South West Marine Energy Park will stretch from Bristol through to Cornwall and as far as the Isles of Scilly. It will create a collaborative partnership in the region between national and local government, Local Enterprise Partnerships, the Universities of Plymouth and Exeter and industry – including the Wave Hub in Cornwall. The aim of the partnership will be to speed up the progress of marine power development.

MCT took advantage of the interest in yesterday’s announcement to launch investment prospectuses for its eight megawatt (MW) Kyle Rhea project in Scotland and its 10 MW Anglesey Skerries project in Wales.

The projects will use MCT’s SeaGen tidal energy system, which works in principle much like an “underwater windmill” with the rotors driven by the power of the tidal currents rather than the wind.

More: Minister says sector could support thousands of jobs »

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