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Weekly Intelligence Brief

Pentland Firth marine energy scheme to see investment worth £5b

15 October 2009

Britain expects to see investment worth £5 billion in its Pentland Firth marine energy scheme.

According to a report filed by Reuters, The Crown Estate’s director of the Marine Estate, Rob Hastings, the Pentland Firth development, the first commercial project to harness energy from wave or tide, was likely to deliver 1 GW -- more than the 700 MW initially envisaged -- by 2020. It planned to announce winning developers next February.

The industry has already witnessed a couple of significant developments this year. The opening of the Pentland Firth for development is being described as a timely and crucial move.

Following the closure of the deadline for pre-qualified companies seeking leases for wave and tidal energy projects in the Pentland Firth strategic area in May this year, The Crown Estate shared that it had received multiple bids for each of the lease types. The firm received a total of 42 applications from 20 bidders for wave and tidal energy leases . These applications range from 10 MW demonstration sites all the way up to the highest band of 200-300 MW commercial sites.

The Crown Estate will use option fees paid by developers and an equivalent investment from its own funds in order to de-risk and accelerate the development of tidal and wave energy projects in the area.
 



Comment on this Story

Greenheatman (not verified) says ...
I think that we have to get clear of this kind of wishful thinking. The sad truth is that uploading 'real time' MWh of electricity onto the grid as and when the tide ebbs and flows is crass and inane engineering practice. Unless these machines deliver secure base load electricity to the grid their effectiveness in saving CO2 is much reduced. The Royal Academy of Engineering has put the realistic efficacy at just 90kg per MWh(green) when fossil fuel backup is factored in. The BWEA's claims of 860kg per MWh are just pure unsubstantiated nonsense!
khights (not verified) says ...
Greenheatman You appear to be versed in how to get KGs to equate to the mass of CO2 answering some of the imponderable nature of how we should go about turning this world back to some sort of energy equilibrium. As such could you please direct me to where I can find a simple way of working these sort of things out for myself without the need for another 5 years of largely wasted education. Your comments are well observed, but I guess this would be my point; we won’t get 24/7 secure energy from the Pentland Firth or any other marine resource without vastly more investment than is currently being committed. There is absolutely no doubt that this resource is both technologically and theoretically able to provide such a security of provision. Ask Bill Mowat he knows more than most. I would say that this industry is still at the 50-75% stage of spending money at the lets meet and talk stage, and many bums are being warmed on seats without any actual contribution to moving the technology forward. Big brother in our world is I am afraid a conversationalist first and an entrepreneur twenty one skills sets below . The Pentland Firth Energy leasing round has just been put back again to Feb, 2010, a delay of 8 months, and the rumour is the leases will be awarded to utilities companies and not developers. The reason is simple the government is now in bed with Crown Estate to get the utilities to pay for the costs of the power line which must be put in to service 700 -1300 MW of planned out put. That this cable will be too small if the scheme works and too costly if it doesn’t has the potential to strangle this project in Caithness. There are of course others equally likely to be affected, the loss of the Caithness Hub concept will be the first to falter as partnership is scrificed at the solicitors contracts door. Crown estate are in it solely for the carve up, nothing new there then, as landowners they understand only rent for land, even if that land is below the sea and the domain of fishes and kelp. The people who live in the area’s of Caithness and Orkney can immigrate to better climates as they wish for little comfort can be trusted to their benevolence. Placatory words and high aspirations will be expressed but the papers will be in the safe and the beads will be hanging like lead weights from the populations necks. I might have been able to Trust an alliance of Developers and Scottish government being that their would be some purpose common to communal poverty. You worry about the ROC’S and carbon credits up for grabs, I worry about living in a world where these big boys set the agenda's for which most of us always have to pay. Look no further that the current financial bail out which we are now all being saddled to pay. Never mind I hear things are looking up in China, there may even be a democracy of sorts in the next hundred years. Seams to me they can get the business done, and damn the consequences, capitalists today...you bet.
Greenheatman (not verified) says ...
You make some valid points but you need to know a little about my background. Several years ago I invented a tidal stream device, Gentec venturi, that would have delivered constant base load electricity 24/7. You can see an animation on YouTube if you wish. It would have worked exactly as described but I could not get funding for it because the so called 'independent assessors'at the Carbon Trust are all recruited from academia where most of their departments' funding comes from the usual suspects. The criteria for funding is NOT based on the quality of the idea, but on whether the Carbon Trust has given money to the applicant before! The committee are careful not to give funding to new and exciting ideas because it will render their lame 'real time' electromechanical devices obsolete. Turkeys do not vote for Christmas after all. I have now, latterly, abandoned my Gentec venturi because tidal stream has such a low energy density (even in the Bay of Fundy) when compared with nomadic pelagic wave energy. The energy density of deep nomadic pelagic wave power can be put at >1MW/m(wavefront. Fixed wave devices operating near shore because of cabling limitations are in the 5kW to 8kW zone which is 125 TIMES less dense. (Wind energy density is 2000 times less dense!) My wave energy system, Gentec WaTS, taps into this massive resource to generate constant base load in the GW range and produces high volumes of desalinated water as a by-product. Unfortunately for the Crown Estates my system does not have to pay them a bean. Sadly, I will not get funding for this invention either, because I have to get it past the same breed of assessors, all with vested interests, who will conspire to block this groundbreaking invention. We will be stuck with these lame and puny devices for some time to come or until all fossil fuels and uranium deposits run out.