Alyn welcomes US investment in marine energy

SNP MEP Alyn Smith has today welcomed the news that US tidal power company, ResHydro, plan to establish a base in Scotland.

The decision by ResHydro to invest in Scotland marks the first US renewable energy inward investment in Scotland. The company will be supported by a £100,000 SMART:SCOTLAND award from Scottish Enterprise and will work in partnership with the University of Strathclyde.

Alyn, who is a substitute member of the European Parliament's powerful Energy Committee, said:

"With a quarter of Europe’s potential tidal energy resource and ten percent of its potential wave resource in Scotland's waters, it is no wonder that ResHydro chose to invest here.

"Wave and tidal energy has so much potential and it really is an exciting time for the sector as it moves forward towards full commercialisation of the technology. Marine energy has a huge part to play in our renewable energy mix.

"Scotland is certainly leading the way in the development of marine renewables technology and, with more wave and tidal energy devices being developed and tested here than anywhere else in the world, Scotland is the clear choice for investment in marine energy. I'm delighted that ResHydro decided to locate here and look forward to many more international renewable energy companies investing in Scotland."