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

Min. Night 11 °C

Features & Analysis

  • Cerro RicoSatanic mines

    Devil worship in the tunnels of the man-eating mountain


  • Nefertiti MenoeWar of words

    The woman who sparked a row over 'speaking white'


  • Oil pumpPump change

    What would ending the US oil export ban do to petrol prices?


  • Brazilian Scene, Ceara, in 1893Sir Snapshot

    19th Century Brazil seen through the eyes of an Englishman


Elsewhere on the BBC

  • SailingGame on

    BBC Capital discovers why certain sports seem to have a special appeal for those with deep pockets

Programmes

  • Prof Piot, the first person to indentify Ebola virusHARDtalk Watch

    Ebola expert warns travellers could spread the disease further if it is not contained

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.