“We want Wales to be at the forefront of research and innovation in the marine energy field and I am delighted to announce more than £10m of EU funding to help develop technology that creates large amounts of renewable electricity.
“Developers from across the globe are showing an active interest in developing projects in Welsh waters, recognising Wales has one of the best marine energy resources and support structures to be found anywhere.
“It’s a very exciting time for marine energy in Wales and this initiative is another major step in building a thriving industry in Pembrokeshire and Wales.”
Cabinet Secretary for Energy, Planning and Rural Affairs, Lesley Griffiths, said:
“This investment is excellent news for the local economy and the wider marine technology industry. Clean energy will play an important role in the development of our prosperous, low carbon economy and help us deliver our aim of reducing emissions by at least 80% by 2050.”
Bombora Wave Power Europe’s Managing Director, Sam Leighton said:
“Bombora is very grateful to secure the £10.3m EU support package for our exciting 1.5MW trial project. Since setting up our European headquarters in Pembrokeshire last year we have been working with local suppliers and have quickly grown our talented team to work on this exciting new project.”