'Perfectly placed to capitalise': Tidal energy awarded £20m pot in upcoming CfD auction

Michael Holder
clock • 4 min read
A 1MW tidal turbine installed for testing in Orkney, Scotland
Image:

A 1MW tidal turbine installed for testing in Orkney, Scotland

Government hails 'biggest investment in a generation' in tidal stream power, as it ramps up total renewables funding to £285m in upcoming auction round

The government is to invest £20m a year in tidal stream power projects through its flagship renewable energy auction scheme, in a major vote of confidence in the UK's fledgling marine energy sector...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Marine

How Caudal Energy is planning a 100MW wave of tidal energy projects

How Caudal Energy is planning a 100MW wave of tidal energy projects

Following a successful £4.3m funding round, John Kennedy, CEO at Oxford University spinout Caudal Energy, shares how the company's fin-based technology is expanding where tidal energy can be deployed

Stuart Stone
clock 22 June 2026 • 3 min read
Government announces multi-million pound marine conservation investment

Government announces multi-million pound marine conservation investment

Government pledges to invest £13.9m in supporting marine conservation programmes at Our Oceans Conference

clock 17 June 2026 • 2 min read
How bottom trawling could land Europe with up to €16bn in environmental costs

How bottom trawling could land Europe with up to €16bn in environmental costs

New study claims net costs to society from destructive fishing practice are 90 times greater than the €180m in annual profits generated for the industry

clock 30 April 2026 • 6 min read