The Crown Estate has established a new £50million Supply Chain Accelerator fund, to develop the offshore wind industry’s domestic supply chain. The Accelerator will provide matched funding to UK supply chain projects, ranging between £250k and £1million per project,...
Marine Power Systems are raising investment on Crowdcube to target a market they estimate will be worth £114bn by 2035. The funds they raise will support the expanding team, grow the customer pipeline, and support the roll out of further pre-commercial projects....
The First Minister of Wales addressed more than 500 delegates at the Marine Energy Wales Conference in Swansea today, outlining the Welsh Government’s ‘huge commitment’ to the offshore renewable energy sector. Speaking about the next steps for the Tidal Lagoon...
Scottish tidal stream energy company, Nova Innovation, has announced it has had to take the difficult decision to pull out of one of their flagship Welsh tidal projects in North Wales. The Enlli (Bardsey Island) project aimed to make the remote island the world’s...
Marine Energy Wales welcomes the first Welsh winning project to secure a contract as part of the UK Government’s contracts for difference (CfDs) Allocation Round 4 (AR4) process. In the largest renewables award ever, totalling 11 GW across all technologies, for the...
We are thrilled to announce our longest ever funding package from the Welsh Government. Marine Energy Wales acts as a single point of access for all forms of marine energy – wave, tidal stream, tidal range and floating offshore wind – bringing together business,...
