Marine energy projects in Wales have lost out on investment since the UK government cut financial support, according to a UK industry body. Ring-fenced UK government subsidies for marine energy ended in 2016. A report by the Marine Energy Council said the UK industry could be worth £76bn by 2050 and produce 22,600 jobs by 2040, with Wales as a key player. The UK government has been asked to comment. The Welsh Government said it was time for the UK government to rethink its energy policy and look “seriously at the viability of marine technology projects in Wales”. Even though investment in marine energy in Wales rose overall to £68.3m in 2017, chairman of the council Sue Barr said they estimated the country was missing out on millions of pounds of further private investment.
BBC 31st Jan 2019 read more »