NOV / 29
Nova consortium wins €20 million of EU funding to install 16 turbine SEASTAR project in Orkney
Nova Innovation has won EU funding for a 4 MW tidal energy farm that will be home to the largest number of tidal turbines anywhere in the world. Nova will lead a pan-European consortium that will kick-start mass manufacturing of turbines in the tidal industry at Nova’s headquarters in Edinburgh. The trailblazing project, unveiled at COP28, marks a crucial step in unlocking a new global source of renewable energy in the battle against climate change.
Scotland’s First Minister, Humza Yousaf, added: “Scotland is a world leader in marine renewable energy as a result of consistent and committed support from the Scottish Government together with the expertise, investment and innovation of the industry. Nova’s project at the European Marine Energy Centre (EMEC) in Orkney will accelerate the development of a new industry and helps to show how Scottish ingenuity is helping us to capture the immense potential of renewable energy from our seas and oceans.”
The SEASTAR project builds on the achievements of Nova’s Shetland Tidal Array (the world’s first offshore tidal array) which has been reliably powering homes, businesses, and the Shetland grid since 2016. During this time, Nova enhanced its technology and slashed the cost of tidal energy by an impressive 40%. SEASTAR opens the next exciting chapter of Nova’s success story – paving the way for a new source of renewable energy across the globe.
The flagship project is funded by the EU’s Horizon Europe programme – dedicated to fostering innovation and technology. SEASTAR reinforces the collaborative partnership between Scotland and Europe. The project not only pioneers a green marine energy revolution, but also catalyses the creation of high-quality green jobs and enhances Europe’s position as a global frontrunner in the marine energy supply chain.
Simon Forrest, Chief Executive of Nova Innovation, said: “This is a huge win for Nova and a huge vote of confidence for the tidal energy sector. To be awarded the EU’s flagship tidal energy project with turbines made and deployed here in Scotland, using a pan-European supply chain, is testament to our track record of success. The SEASTAR project will see more turbines installed than all other current deployments worldwide combined. This will enable Nova to start mass manufacturing, deploy at scale and continue to drive down the cost of tidal energy.”
The project partners include EMEC, Ocean Energy Europe, Leask Marine, Wood Group, SKF, DLA Piper, Renewable Risk Advisers, Primo Marine, Wave Venture and environmental consultants, Nature Positive.
The UK is surrounded by tidal energy that could meet 11% of current electricity demand, whilst the global ocean energy market is forecast to be worth €145 billion by 2050. Tidal energy offers many unique advantages. With solar and wind, there are occasions in which the sun doesn’t shine, and the wind doesn’t blow, but the tide can be accurately predicted days, months and even years ahead. This predictability is a game-changer, enhancing energy security and providing a reliable source of renewable energy, in the fight against climate change.