Nicola Sturgeon, Scotland’s First Minister, unveiled the world’s largest free stream tidal power project, at the Nigg Energy Park on the Cromarty Firth today.
The MeyGen project, owned by Atlantis Resourcing, has been granted £23m worth of Scottish Government funding in a bid to develop Scotland’s marine renewables industry, create jobs and attract investment.
The hope is that investment in the industry will provide employment for a skilled workforce moving away from the oil and gas sector.
The First Minister said: “I am incredibly proud of Scotland’s role in leading the way in tackling climate change and investment in marine renewables is a hugely important part of this.
“MeyGen is set to invigorate the marine renewables industry in Scotland and provide vital jobs for a skilled workforce, retaining valuable offshore expertise here in Scotland that would otherwise be lost overseas. Highly skilled operation and maintenance jobs will also need to be carried out locally, providing strong local employment opportunity for rural areas.
Tim Cornelius, Chief Executive of Atlantis Resources, said: “This is the day the tidal power industry announced itself as the most exciting new asset class of renewable, sustainable generation in the UK’s future energy mix. This is an industry that is creating jobs and Scotland is the undisputed world leader of this high growth sector.”