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Scottish Government announces ‘world leading’ marine energy project
SCOTLAND has taken a world-leading role in the emerging multi-billion-pound marine energy industry by approving ten projects with the potential to power almost a third of the country's homes.
In the first initiative of its kind in the world, companies were granted leasing rights for schemes that could result in up to 1,000 wave and tidal energy devices being installed in the sea off the north of Scotland.
The leasing round attracted interest from global utilities firms that will invest an estimated £4 billion attempting to bring the 1.2-gigawatt schemes to fruition. If successful, the power of the sea in the Pentland Firth between Caithness and Orkney could provide electricity for 750,000 of Scotland's 2.3 million homes by 2020.