Monday, 21 February 2011

Government poised to provide more funding for renewables sector

The UK government is expected to announce further funding for the renewable energy sector following calls for a £100 million fund to support new projects. Government sources indicated an announcement could come as early as next month, while the wave and tidal industry is also preparing its own funding campaign.

Martin McAdam, chief executive of wind energy developer Aquamarine Power, said UK government funding would help to bring in investment from the private sector.

Demonstrator projects could then be used as a shop window for attracting orders from commercial customers at home and abroad, McAdam said.

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