Cornwall Council has announced it’s made a big investment in the Wave Hub at Hayle to boost the economy and hopefully create hundreds of skilled jobs in the future.
It’s part of a package of investment designed to put Cornwall at the global heart of the emerging Marine Renewables sector.
Julian German, the Council’s Cabinet Member for Economy and Culture, said; “In Hayle Cornwall Council has invested in infrastructure alongside the EU and UK Government. Wave Hub provides a fully grid-connected wave energy site, located approximately 10 miles off the north coast of Cornwall. Together with the Marine Renewables Business Park in Hayle, it offers an exceptional opportunity to attract international inward investment to Cornwall”
There’s a really cool animation of how the Wave Hub will work , find it here : http://www.wavehub.co.uk/. It was made by Hayle company TigerX (www.tigerx.com)
The deal, agreed between UK Government and Cornwall Council, will see the transfer of Wave Hub along with £14m of funding and the creation of a low carbon Enterprise Zone in the key ports of Hayle and Falmouth during 2017.
“Cornwall is open for business and, as the new owners of Wave Hub, Cornwall Council will be creating the right environment for the sector to grow and flourish” added Julian German. “Our vision is that Cornwall will be a global centre for research, technology development and expertise and the location of choice for businesses engaged in the development, deployment and operation of wave and floating wind technologies.”
Paul Holmes of Cornwall Chamber of Commerce was excited about the development which comes on top of news that Carnegie Wave Energy has secured £9.55m from the ERDF programme for deployment of a 1MW device at Wave Hub, the first of a 15MW array – which will allow the Wave Hub to be the only one of it’s kind in the world attached to a national grid.
Paul said “Cornwall is a world leader in this technology and it has the potential to support hundreds of well paid jobs into the future. Companies like A&P and KML are already busy working on this on the deployment side” said Paul. “Even greater opportunities for the Cornish economy will come from operations and maintenance. Remember this is still at test stage and there’s alot of engineering to come but it’s very exciting. Wave energy has the potential to be huge”
Tim Sawyer, Carnegie’s UK CEO said “The acquisition of Wave Hub and the supporting package of investment demonstrates Cornwall’s belief in and commitment to supporting offshore renewable energy and provides an ideal environment for the development of our Ceto project”.
The announcement was made at the annual Ocean Energy Europe Conference in Brussels.
Claire Gibson the managing director of Wave Hub Ltd said “We are excited about the future. The £14 million of funding and creation of an Enterprise Zone around the ports of Hayle and Falmouth will further strengthen Cornwall’s offer to the marine energy sector”
Wave Hub Ltd is the operating company of Wave Hub and also the seabed leaseholder of two Crown Estate demonstration zones in North Devon and Pembrokeshire. The company is based at the Hayle Marine Renewables Business Park in Cornwall.