Government announces investment into Scottish tidal power investment

The government has announced a £20 million per year investment in Scottish tidal energy as part of its renewable energy auction scheme.

Scotland already hosts the world’s largest tidal stream generating station, and the money will go towards lowering their costs in a similar way to with wind power.

Business and energy secretary Kwasi Kwarteng said: “As a pioneer for tidal technologies, Scotland is perfectly placed to capitalise on clean marine energy, building on our booming offshore wind sector which is now a British industrial success story.

“We hope to see marine energy follow in the successful footprints of other renewable technologies, where we’ve seen costs fall dramatically in recent years thanks to UK government support.”