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Press Release

Press Releases

SNP: Major EU investment in Scottish marine renewables projects

SNP press release

Two marine renewables projects in Scotland have been significantly boosted by the announcement today that they are in line to receive funding under the EU’s NER-300 scheme.

The Sound of Islay tidal array is set to be offered funding of €20,650,000 under the programme while the Kyle Rhea tidal array will be offered €18,397,432.

The two Scottish projects are amongst 23 developments across Europe that are sharing in €1.2 billion from the first round of grants made by the NER-300 programme.

Commenting, SNP MSP Dave Thompson - whose constituency covers the Kyle Rhea tidal array - said:

“Scotland’s enormous tidal energy potential is hugely exciting, with our waters playing host to 25% of Europe’s total tidal energy potential. The renewables sector is a fast growing industry that is bringing jobs and investment to communities across Scotland.

“This substantial funding boost will put us another step forward to realising the massive economic potential that tidal energy offers as well as being a significant boost to the local area.

“I am delighted that these projects have been successful in this initial round of funding and I hope that they will lead the way for other developments in future rounds.”

SNP MSP Mike Mackenzie who sits on the Economy, Energy and Tourism Committee added:

“Scotland is playing a leading role when it comes to the development of the marine renewables sector, and that fact is clearly reflected in the fact that two of the twenty three successful projects are based in Scotland.

“The support that the Scottish Government is providing for the renewables sector is successfully attracting in further investment into projects in Scotland and that is fantastic news for this rapidly expanding sector.”



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