Secretary Davey Disappointed in MCT, Pelamis Announcements

Speaking at this year’s International Tidal Energy Conference, UK Secretary of State Edward Davey spoke about current trends and activities in the industry.

Secretary Davey expressed his disappointment regarding the Pelamis entering administration and Siemens’ announcement of the disposal of MCT.

“Pelamis Wave Power filing for administration shows that risk aversion has real, and potentially devastating, effects on companies, their employees and families.”

“This is always hugely disappointing for all concerned – but we need to secure all the lessons and know-how the fantastic team at Pelamis developed.”

He urged Siemens to divest the tidal energy company in a way it “can continue to benefit this industry.”

“Having visited MCT myself, I had felt that the deployment of more of their tidal stream devices was just a matter of time,” Secretary Davey added.