Tidal Energy Company Launched in Wales
- Business & Finance
North Wales Tidal Energy & Coastal Protection, a company aiming to harness tidal energy along the North Wales coast, was launched at the end of last month.
The newly opened company plans to work with local communities and explore tidal resources in the area to eventually set up tidal systems, which will bring cheaper and cleaner electricity to North Wales.
“Our vision is the development of a world-leading integrated tidal energy lagoon and coastal protection system that provides an enduring and sustainable source of natural renewable energy, employment and environmental security to benefit the communities of North Wales,” the company states.
“The achievement of our vision will require liaison and engagement with many stakeholders. As a locally led and managed entity, with its foundations in North Wales, we will be professional, commercial and ethical partners with all parties, keeping the benefit of the community at the heart of our operations.”
In addition to harnessing tidal power, the company plans to protect the area from floods, such as the one that struck North Wales in February.
Offshore WIND Staff