Context
The Scottish Affairs Committee visited Orkney to gather evidence on renewable energy, where they observed the potential and cost-effectiveness of tidal stream technology compared to other options.
Question
What assessment has the Department made of the effectiveness of support for the Scottish tidal power sector? The committee's visit to Orkney highlighted the impressive progress in tidal stream technology which is less expensive than tidal lagoon barrage technology. I am pleased that the renewable energy auction will include a £20 million ringfenced allocation for tidal stream technology, and want to know how this will further stimulate growth in this sector.
Answer from Iain Stewart
The Government recently announced a £20 million ringfenced allocation for tidal stream technology within the new contracts for difference round, enabling Scotland to capitalize on its vast potential. I visited Orkney in August and was impressed by the innovative work being done there. Contracts for difference provide long-term investment confidence for renewables, positioning Scotland as a leader in this field.
Not addressed: The specific mechanisms or timeline to 'turbocharge' potential were not provided.
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