Irish firm scoops tidal energy contracts

LEADING Irish firm SSE Renewables has won a series of lucrative tidal energy contracts in north-east Scotland as part of a multi-billion euro project in a location described as “the Saudi Arabia of marine power”.

As part of a major development plan, Britain’s state property management group The Crown Estate sought tenders for six wave and four tidal projects in an attempt to harness natural energy from the sea.

The projects, predicted to lead to a near €4 billion investment within the next decade, led to significant international interest from within the energy sector when they were announced.