1 Gigawatt of Marine Power to be Developed by Aquamarine Power in UK & Ireland

oyster wave power image

image: Aquamarine Power Ltd

Just two weeks ago Aquamarine Power Ltd was touting its new Oyster wave power unit. Now the Edinburgh-based firm has announced that it has signed an agreement with Airtricity, the renewable energy division of Scottish and Southern Energy, to develop 1,000 MW of marine power by 2020. Here are the details, such as they are for such a long-sighted project:The financial details have not been revealed, but under the agreement the two companies will enter into a 50-50 joint venture to develop wave and tidal energy projects in the UK and in the Republic of Ireland. Aquamarine will continue to use its in-house wave and tidal power models to evaluate potential sites both locally and around the world.

Wave & Tidal Power Resources Great in British Isles
Greentech Media points out that Scotland has the goal of getting half of its power from renewable sources by 2020. Estimates of the UK's wave and tidal power potential indicate that about 35 terrawatts terrawatt-hours of power (10% of 2004 energy consumption) could be generated there by 2020.

More: Aquamarine Power Ltd (press release), Greentech Media
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