Ruling the waves

"But is still needs massive financial support. Mr Ottaviano says he “just about had a heart attack” after Britons voted in their referendum in June to pull out of the EU. Since then, however, he says the Treasury has provided reassurances that funding will continue.

On November 9th the government issued further good news for some developers of renewable energy. As well as confirming plans for a phasing-out of coal-fired power generation by 2025, ministers reaffirmed a budget of £290m a year for technologies such as offshore wind, wave and tidal energy.

That long-awaited announcement will promote future marine-energy plans in Britain, says Jonathan Marshall of the Energy and Climate Intelligence Unit, a think-tank. Later this year Edinburgh-based Atlantis Resources hopes to connect the world’s largest tidal power scheme to the grid for the first time. Who says British sea power is in decline?"

http://www.economist.com/news/brita...me-pioneer-harvesting-energy-sea-ruling-waves