27 Jun '11, 10am

£3.5bn Mersey tidal energy scheme sinks due to lack of support

The £3.5bn cost of installing a tidal power system in the Mersey Estuary means the scheme is unlikely to go ahead without an increase in the level of subsidy available to marine energy projects, according to developers Peel Energy . The plan to install a tidal barrage stretching from New Ferry in the Wirral to Dingle in Liverpool could produce one terrawatt hour (TWh) of electricity per year and provide 200,000 jobs, according to a study published late last week by the company and the North West Development Agency (NWDA). FURTHER READING Alstom sails into wave power with 40 per cent AWS stake Nautricity hopes to harness power of Thames's tides However, it warned that substantial construction costs meant the electricity produced would not be commercially competitive enough in the medium term to attract investment. Peel has been looking at generating power from the Mersey si...

Full article: http://www.businessgreen.com/bg/news/2081777/lack-support...

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