Top news, March 6 – 12, 2017

Tidal Energy Today has compiled the top news from tidal and wave energy industry from March 6 – 12, 2017.

MeyGen gets Ofgem creds

The first phase of the MeyGen tidal project has been granted full accreditation by UK’s regulator for gas and electricity Ofgem. The MeyGen project will now be issued with five Renewables Obligations Certificates (ROCs) for every MWh of renewable electricity generated by the station. The Phase 1A of the MeyGen project, comprising a 6MW tidal turbine array, began commercial operation back in November 2016.

SR2000 exporting power

Scotrenewables Tidal Power’s SR2000 tidal turbine is exporting power after being deployed at the European Marine Energy Centre (EMEC). The SR2000 was first installed at EMEC in October last year. The 550-tonne device consists of a 64 meters floating hull that incorporates two 1MW rotors mounted on retractable legs.

Minesto scores over $8 million for Deep Green

Minesto has closed the subscription for its TO1 warrant program having secured approximately SEK 75 million ($8.35 million) in proceeds. In total, 11,931,743 new shares were subscribed, corresponding to a subscription rate of 90,7%, and around $8.35 million in proceeds. The funding will be used for further development of Minesto’s tidal energy technology Deep Green and the Holyhead Deep project in Wales.

Penguin hits EMEC waters

Orkney-based marine services provider Green Marine UK completed the installation of Wello’s Penguin wave energy device on its moorings at EMEC’s Billia Croo wave test site in Orkney on March 5, 2017. The deployment was conducted as part Clean Energy from Ocean Waves (CEFOW) project, which was in 2015 backed by the EU’s Horizon 2020 program with €17 million.

Ocean Wave Rower hits the water

Ocean Wave Rower wave energy device, developed by UK-based company Wave-tricity, has commenced sea trials off Pembrokeshire, Wales. The device was built by Mainstay Marine Solutions. Last year, Wave-tricity was granted £4 million from the European Regional Development Fund (ERDF) to develop and test Ocean Wave Rower.

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