Apr 5th 2012
DECC sets sail on new £20mn marine energy funding
The Department of Energy and Climate Change (DECC) announced the launch if its £20mn scheme to support two demonstration marine energy projects on Thursday 5 April. The marine energy array demonstrator (MEAD) scheme will support up to two pre-commercial projects to demonstrate the operation of wave or tidal devices in an array formation. Schemes that apply for funding have to be able to generate 7GWh a year and must be operational by 2016. Organisations from across the UK will be able to bid for the £20mn funding with the successful bids expected to be announced towards the end of the year. Climate change minister Greg Barker said the scheme will take the UK "one vital step closer" to realising the government's ambition of generating electricity from wave and tidal energy sources.
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