Scottish marine renewables specialist QED Naval has acquired the world’s largest tidal turbine array as it builds on plans to disrupt the energy sector. Through its tidal turbine development subsidiary Tocardo the Edinburgh-based company has taken ownership of the Dutch Oosterschelde Tidal Power (OTP) project. It has launched its first crowdfunding campaign on the Seedrs platform to help develop existing sites and to secure other locations for its patented Subhub tidal platform. The OTP deal closed in the last quarter of 2020 following QED’s acquisition of Tocardo in a joint venture with Hydrowing.
Daily Business 14th Jan 2021 read more »