Tidal project signs power purchase agreement

Tidal Energy, the developer of DeltaStream, Wales’ first full-scale tidal power generator, has agreed a power purchase deal with EDF Energy, which will make its project one of the first grid-connected demonstration devices to generate green, sustainable and predictable tidal power into the energy market.

The device, developed by tidal stream technology company Tidal Energy Ltd (TEL), was unveiled in August at Pembroke Port, Wales. It will be installed in Ramsey Sound, Pembrokeshire, and is expected to begin generating electricity for Welsh homes shortly afterwards.

The Power Purchase Agreement (PPA) guarantees that EDF Energy will purchase electricity and renewable certificates from the device for the first year of the project at a pre-agreed price, ensuring that it will be able to generate revenue for its owners, TEL, from both the electricity market and the Government’s Renewables Obligation scheme.

Martin Murphy, Managing Director of TEL, said: “DeltaStream is not just about proving a new, innovative technology – it is about proving that tidal power can make a real and lasting contribution towards the UK’s renewable energy targets and energy security. "Taking the first steps to commercialization, by securing a buyer for the electricity generated, is essential to that. We are proud that this cutting-edge project is, once-again breaking new ground, and ensuring Wales is playing a central role in the race to develop the UK’s significant tidal resources.”

 

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