UK's first marine energy park moving forward with business plan
The business plan for a new energy group has been announced. The South West Marine Energy Park, which was unveiled by Climate Change minister Greg Barker in January as the UK’s first marine energy park, has revealed its first plans for the project, which intends to bring the different strands of marine renewables activity in the region together all under one banner.
The main points of the plan include having at least 50 megawatts of wave and tidal projects installed in the near future, creating more commercial-scale wind and wave projects faster by developing a ‘technology pathway’, growing the marine energy supply chain and attracting investment in the South West region to develop infrastructure and ports.
Last week Peter Kydd, director of strategic consulting at Parson Brinckerhoff, was elected by the board as the park’s first chairman and is confident that the park can bring together people and projects that can help the marine energy industry thrive in the region. There have been some concerns that, due to the virtual nature of the park (as it doesn’t have a fixed base of operations), it may struggle to gain the necessary funding to achieve all of its goals. However, following a recent £15,000 allocation from the Plymouth City Council, there is now a revenue pot of funding from private and public sector partners of £100,000, which will allow the business plan to go ahead.
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