Logotype of Marine Energy Wales. Photo: Marine Energy Wales

Marine Energy Wales welcomes Minesto’s cost reduction study

October 23, 2017

Following the announcement earlier this month regarding substantial improvements of the projected Levelized Cost of Energy of our ocean energy technology, industry body Marine Energy Wales has welcomed this as a positive step forward for the industry.

David Jones, Project Director of Marine Energy Wales commented, “Reducing the cost of energy is an important step forward for our sector. There is no doubt that marine will be able to follow the model that offshore wind and in fact all other renewable technologies have achieved, deployment at scale will drive down costs.”

Read the full press release from Marine Energy Wales here.