Peninsula Research Institute for Marine Renewable Energy receives £10.3m in funding

3 July 2009

The Peninsula Research Institute for Marine Renewable Energy, set up two years ago by the Universities of Exeter and Plymouth, will receive £10.3m in funding for marine energy research.

The bulk of the investment, £5.3m, will come from the European Regional Development Fund, while the South West RDA will contribute £4.3m with a further £200,000 from the University of Plymouth and £466,000 from the University of Exeter.

The funding will be used to purchase new equipment including wave and tidal measuring devices, wave making facilities, subsea electrical equipment, collision avoidance and monitoring equipment.

Stephen Peacock, enterprise and innovation director at the South West RDA, which plans to invest around £70 million in low carbon activities by 2012, said, ‘PRIMaRE and Wave Hub are central planks in the RDA’s drive towards a low carbon economy in South West England. We want our region to be one of the best places in the world to build a low carbon business and a global leader in the development of environmental and renewable energy technologies.’

Professor Wendy Purcell, University of Plymouth chief executive, added, ‘This new funding recognises the very substantial expertise in marine energy, research, development and innovation now present in the South West and provides additional support for engaging business with world-class research for the benefit of our region and the wider environment.’

Copyright © 2009 NewNet

Tags: tidal power, wave power

This story was published on Friday, July 3rd, 2009 at 2:57 pm and is filed under Europe, deals, water. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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