New multinational investment to power Orkney tidal turbine development

An Orkney company is to press ahead with the development of a new-generation tidal turbine after securing £7.6m of funding.

The investment will fund the design, construction and testing of Scotrenewables's turbine SR2000.

First Minister Alex Salmond welcomed the announcement from Norwegian shipping company Fred Olsen, French oil and gas firm Total and Swiss technology giant ABB Technology Ventures.

The Scottish government gave £1.24m.

Mr Salmond said: "Scotrenewables's announcement is terrific news and a huge vote of confidence in the Scottish offshore renewables industry."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC North East, Orkney and Shetland

Weather

Lerwick

11 °C 8 °C

Features & Analysis

Elsewhere on the BBC

  • Phantom BadgerReporting for duty

    BBC Autos discovers what makes Boeing’s new versatile and transportable war machine so special

Programmes

  • Papers Please gameClick Watch

    Meet the ‘bedroom programmer’ whose game has sold half a million copies and won a Bafta

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.