Just 18 months after its launch, the £17m flagship EU tidal energy project, Enabling Future Arrays in Tidal (EnFAIT), has reduced the cost of tidal energy by 15 per cent, and grown its supply chain from four to 14 EU countries. EnFAIT is an academic-industry collaboration between nine European partners focused on demonstrating the economic viability of tidal power. The project is also paving the way for a new industrial marine manufacturing sector with a supply chain based across Europe. Consortium lead, Edinburgh-based Nova Innovation Ltd, reports that its Shetland tidal array – the world’s first offshore tidal array – has reduced operational costs by 15 per cent since the start of the project. By 2022, when the project closes, it forecasts a cost reduction exceeding 40 per cent, which could spark an explosion of interest in tidal power from global investors.
Energy Management 23rd May 2019 read more »