RO banding consultation a positive step for marine energy
20 Oct 11 - Martin McAdam, Chief Executive Officer
Marine energy offers a great future for the UK - not just in
terms of meeting our green energy targets, but in building an
indigenous industrial sector here in Britain that can create jobs
and generate exports for our economy.
It is therefore particularly heartening that this potential has
been recognised by DECC in their consultation on the Renewables Obligation Banding Review published
By proposing to move the UK's marine energy ROC banding into
line with the current level of 5 ROCs for wave in Scotland, the UK
Government has given a very positive signal which will incentivise
inward investment in what has the potential to be a world-leading,
high growth British success story.
This proposal recognises the important contribution marine
energy can make to the UK economy and its low carbon targets and
supports the industry's desire to deploy the first pre-commercial
arrays in the next few years.
By putting a 30MW cap on each project, the government will
ensure that the cost of support is minimised whilst the benefit to
the UK's economy and the global environment is maximised.
Our industry mission is to produce cost-effective clean, green,
British-built energy from our seas, and this news is a real boost
to this goal.