€250 million investment fund, page-2

Ocean Energy Europe Statement on UK Draft CfD Budget Notice
09 November 2016.

"The European ocean energy industry acknowledges the inclusion of wave and tidal in the latest support mechanism put forward by the UK government this morning.

The CfD strike price could enable part of a significant pipeline of projects to go ahead, however clarity remains needed on how support will be ring-fenced for emerging technologies. These cannot be expected to compete from day one with more established industries, who have driven down costs by deploying volumes.

The industry has shovel-ready projects in the UK, and looks forward to engaging with the government to make sure these projects are supported, as they are strategically important to retaining its global leadership in ocean energy.

The economic opportunity presented by wave and tidal is significant, and should be an integral part of the UK’s and Europe’s industrial strategy."

http://oceanenergy-europe.eu/commun...urope-statement-on-uk-draft-cfd-budget-notice