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'Milestone' for Wave Energy Plans
from BBC News Online
Ten sites on the seabed off the north coast of Scotland have been leased out to power companies in an effort to generate wave and tidal energy. In the first project of its kind in the world, areas in the Pentland Firth and around Orkney have been leased to seven companies by the Crown Estate.
The companies are to push forward plans to generate enough electricity to supply 750,000 homes by 2020. Scotland's First Minister Alex Salmond said it was a "major milestone." He said the waters had been described as the "Saudi Arabia of marine power" due to their "rich natural resources."
The Crown Estate, which owns the seabed around the UK, has awarded the leases after inviting bids from developers. The aim is to generate 1.2 gigawatts (GW) of electricity from the sites off Orkney and the Caithness and Sutherland coasts.
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