1.6.2009
Wave Hub Construction Costs (South West Regional Development Agency)
The Wave Hub is a groundbreaking renewable energy project that aims to create the world’s first large scale wave energy farm by constructing an electrical ‘socket’ on the seabed off Hayle, on the Cornwall coast.
The Wave Hub (Apex)
It will provide a demonstrator facility that allows developers of wave energy devices to test arrays of wave energy devices and, in so doing, generate 20MW of ‘green’ energy. The Wave Hub will enable the UK to offer a comprehensive route to commercialisation of wave energy devices, and ensure Cornwall and South West England are well positioned to capture a position as world leader in wave energy.
Wave Hub Construction Costs is part of a total Wave Hub investment of £42m from the UK Government (£9.5m), ERDF Convergence (£20m) and the South West RDA (£12.5m). The Convergence Programme’s investment in wave energy also includes Wave Hub Development Costs, details of which can be found here.
The South West's marine energy industry is supported by the £15 million Peninsula Research Institute for Marine Renewable Energy (PRIMaRE), set up two years ago by the Universities of Exeter and Plymouth with support from the South West RDA and European Union. It offers academic expertise at the cutting edge of the industry and a technology transfer team that works with businesses to support high quality job creation. More information about the Convergence investment in PRIMaRE can be found here.
"This is about a new industry and new jobs, and the South West's critical role in building a greener global economy."Stephen Peacock, Enterprise and Innovation Executive Director, South West RDA
Related media releases:
19.05.10 Offshore contractor appointed for Wave Hub
17.05.10 Wave Hub on course for summer deployment
30.11.09 Engineers start Wave Hub drilling operation
12.11.09 Leader for Wave Hub project appointed
27.08.09 Wave Hub seeks general manager
05.08.09 South West electrical specialists win £1 million contract
15.07.09 South West named global leader for marine energy
15.07.09 South West named global leader for marine energy
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