Government backs Marine Current Turbines funding application for tidal project

Tidal energy firm Marine Current Turbines’ proposal to build a tidal farm in Kyle Rhea, Scotland, through EU funding, has been approved by the U.K. Department of Energy and Climate Change, MCT announced.

The proposal next will be sent to the the European Investment Bank, which will perform due diligence on the application for nine months, reports indicate.

The proposed 8-MW tidal farm will feature four turbines. MCT is aiming to deploy the tidal farm by 2014.

In other news, Marine Current Turbines, in partnership with RWE npower renewables, has submitted a consent application to install a 10-MW array of tidal stream turbines off the Northwest coast of Anglesey, in Wales, in 2015.

The array, consisting of seven twin rotor turbines arranged across an area of 0.56km², will harness the power of the tidal waters, generating enough power for over 10,000 homes on the island. It will be the first tidal array to be deployed in Wales, MCT says.

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