Scotland possesses huge wave and tidal energy resources and the potential exists to generate more electricity than we currently need from the waters around the Scottish coast.
The Crown Estate's report of 2012, UK Wave and Tidal Key Resource Areas Project, found that Scottish waters offer the majority of the UK’s wave resources (46 TWh/year) and significant tidal stream resources (32 TWh/year).
Some of the best resources are located off the north-west coast and northern tip of Scotland. The Scottish Government believes that wave and tidal energy will make an important contribution towards meeting our future demand for electricity.
Our flagship European Marine Energy Centre (EMEC) celebrated ten years of real-sea experience in 2013. There have been more grid-connected marine energy converters deployed at EMEC than at any other single site in the world, and the centre remains the world’s only accredited marine energy laboratory.
Scotland's £10 million Saltire Prize is the world's largest marine innovation prize. It was set up in 2008 to accelerate the commercial development of wave and tidal energy technologies.
The Scottish Government’s £18 million Marine Renewables Commercialisation Fund (MRCF) offers a tailored approach for wave energy and is complemented by support for the enabling technologies that are crucial to the success of the earliest wave and tidal arrays.
The £103m Renewable Energy Investment Fund (REIF) was set up to ensure counterpart finance is in place to help marine and other green energy projects become commercially viable.
Our Wave and Tidal Energy Research, Development and Demonstration Scheme (WATERS) is designed to support companies with the development of wave and tidal technologies. The scheme is run by Scottish Enterprise in collaboration with Highlands and Islands Enterprise and the Scottish Government.