LONDON Jan 23 Britain's first marine
energy park will be developed in the south west of the country,
in a bid to speed up the commercial expansion of the wave and
tidal industry from 2020, the UK government said on Monday.
Over the past seven years, over 100 million pounds ($155
million) have been invested in the UK's south west marine energy
The park will stretch from Bristol to Cornwall and the Isles
of Scilly. The first commercial wave farms of 10 to 30 megawatts
(MW) will be located off the north Cornish coast.
From 2018, larger wave farms of 100 MW or more could be put
in deeper water, a document by developers Regen SW showed.
The Isles of Scilly have the potential to provide the
islands with self-sufficient energy or export back to the
A report by the UK's Offshore Renewables Resource Assessment
and Development project estimates that over 1,240 MW of wave
energy projects could be developed by 2030.
"This figure could be considerably higher if wave energy
technology is successful in driving down costs to become
competitive with offshore wind and to make it economically
viable to exploit resources greater than 50 km from shore," the
The UK government said wave or tidal energy has the
potential to generate up to 27 gigawatts of power in the UK
alone by 2050, equivalent to eight coal-fired power stations.
"Marine power has huge potential in the UK not just in
contributing to a greener electricity supply and cutting
emissions, but in supporting thousands of jobs in a sector worth
a possible 15 billion pounds to the economy to 2050," said Greg
Barker, UK energy and climate minister.
Last year, the UK government said it planned to double
financial support for wave and tidal stream technologies.
($1 = 0.6440 British pounds)
(Reporting by Nina Chestney; editing by Keiron Henderson)