Scotland’s tidal power gets US investment boost

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AN AMERICAN tidal power company has announced plans to set up operations in Scotland.

First Minister Alex Salmond, who is in the United States for the Scotland Week celebrations, said the decision by ResHydro to invest in Scotland shows the country is “leading the way” in developing marine renewables technology.

The company will be supported by a £100,000 award from Scottish Enterprise and will work in partnership with the University of Strathclyde.

Establishing a base in Scotland will allow the firm to develop its hydrokinetic energy generation device.

Mr Salmond said: “Scotland has an incredible wealth of energy resources and is leading the way in the development of marine renewables technology. ResHydro’s decision to invest in Scotland and work in partnership with one of our leading universities to further their research and development plans is testament to that.

“We have astounding green energy potential, and this government has a responsibility to make sure Scotland capitalises on the vast economic opportunities the industry presents.”

Anne MacColl, chief executive of Scottish Development International, said: “Scotland is already punching well above its weight when it comes to attracting high-quality inward investment, and ResHydro’s decision to locate here is testament to this continued success.