Extra £50m for wave and tidal power
August 3, 2004
Environmental and renewable energy groups welcomed the Government's decision yesterday to put an extra £50m into the development of wave and tidal power technologies.
The new Marine Research Development Fund announced by Patricia Hewitt, the Secretary of State for Trade and Industry, is designed to speed up the commercial deployment of tidal power so the UK is less reliant on wind power to meet its target of producing 10 per cent of electricity from renewable sources by 2010.
Total government support for renewable energy over the next four years totals some £350m.
The Independent website has further information.
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