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The Scottish government has awarded the equivalent of $25 million USD to marine energy projects in Scottish waters, mostly in Orkney, where the world's largest commercial wave power farm is being developed.
Deputy First Minister Nicol Stephen today revealed details of nine projects that will share the funding, with the initial fund of $15 million increased by $10 million to meet demand. An additional $975,000 has been set aside to develop a testing facility at the European Marine Energy Centre (EMEC) in Orkney.
"Scotland has the potential to generate a quarter of Europe's marine energy and kick-starting the sector is vital if we are to create a significant industry based in Scotland," said Stephen.
The bulk of the successful projects will take place in and around the EMEC, with the installation of small arrays/single devices at the wave and tidal test facilities there. Devices are expected in the water this year, with full commissioning during 2008.
An additional $4.8 million has been dedicated for upgrading the site at the EMEC to help accommodate these devices.
Successful bidders for a share of the marine energy funding include (all figures converted to USD equivalents):
Scottish Development International works to attract investment and knowledge to Scotland.
Scotland has already reached its target of generating 18 percent of its electricity from renewable sources, three years ahead of schedule.
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