Wave energy needs fair deal – comment. The Contracts for Difference (CfD) scheme is the UK Government’s key mechanism for supporting low-carbon power generation. Offshore wind entered the scheme in 2015 and has seen the cost of new projects fall by 50 per cent since then, making it one of the cheapest forms of renewable energy. The fourth round of the scheme opens in 2021. Wave and tidal energy are in the same funding pot as offshore wind. While it’s essential for wave and tidal to have support from government, they need a support mechanism suitable for emerging technologies. Competing against developed technology means wave and tidal energy will not secure the funding they need to be commercially viable.
Scotsman 27th July 2020 read more »