Tidal power boom could create thousands of jobs in Scotland

The marine renewable energy industry could create thousands of jobs across Scotland after a new report found the sector is capable of meeting strict requirements imposed by the UK Government.

By The Newsroom Thursday, 3rd May 2018, 10:09 am Updated Thursday, 3rd May 2018, 10:15 am

Experts are now calling for Holyrood and Westminster to unlock the potential of tidal and wave power. Picture: Scottish Renewables

Experts are now calling for Holyrood and Westminster to unlock the potential of tidal and wave power and place the UK at the forefront of the developing market.

An evidence-based study by think-tank Offshore Renewable Energy (ORE) Catapult found the tidal stream industry could generate a net cumulative benefit to the UK of £1.4bn, including considerable exports, as well as supporting 4,000 jobs by 2030. Wave energy could support 8,100 jobs by 2040 and contribute £4bn.

Sign up to our daily newsletter The i newsletter cut through the noise Sign up Thanks for signing up! Sorry, there seem to be some issues. Please try again later. Submitting...

The report predicted the jobs created would be centred in coastal areas “with greater need for economic regeneration” such as Scotland, Wales and the south-west of England.

It added that developing these technologies in the UK would secure investment and jobs in coastal communities. Failure to invest would mean “letting our global advantage slip away to competitors”.

Industry minister Claire Perry set out a new ‘triple test’ in October last year for determining support for new technologies.

ORE believe tidal and wave power meet each of the three benchmarks - achieving maximum carbon reduction, showing a clear cost reduction pathway, and demonstrating that the UK can be a world-leader in a global market.

Dr Stephen Wyatt, ORE Catapult’s research director, said: “The findings of our research are encouraging, with the potential for significant economic benefits to be realised from the UK marine energy resources”.

“We will now continue our work with the tidal stream and wave energy industries, as well as relevant government departments, to discuss these findings and establish the best way forward for future support that will enable the UK to capture such advantage, in terms of growing our economy, creating jobs and exporting goods and services all over the world.”

In terms of the type of future support required, the report found that the technologies’ needs differed due to their maturity levels.