Isle of Wight council defer decision on tidal centre

The Isle of Wight council were set to approve the further investment to assist with renewal of licences and leases for the tidal energy scheme off the coast of St Catherine’s Point

county hall

A delegated decision on whether to approve a further £244,000 investment in Perpetuus Tidal Energy Centre has been made.

The council were set to approve the further investment to assist with renewal of licences and leases for the tidal energy scheme off the coast of St Catherine’s Point, Isle of Wight.

Decision deferred
Instead the decision has been deferred. Papers released by the Isle of Wight council state:

In light of the extraordinary circumstances created by the Coronavirus (COVID-19) pandemic and the financial uncertainties it has created, the council will delay the decision on the further loan investment in PTEC until a future date when there are fewer variables to consider in assessing the overall deliverability of the project.

AND

In the interim the council will continue to work with PTEC, the Tiger project and other stakeholders associated with the proposal to help inform any future decision

Image: simonhaytack under CC BY 2.0

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1 Comment on "Isle of Wight council defer decision on tidal centre"

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Colin
This would have been more money thrown away. The councils own figures do not add up in their own document and the costs are hopelessly underestimated. One only has to compare the known costs of the Meygen tidal project to realise that the St Catherines project stands no chance whatsoever of success because it will take hundreds of millions of funding to get to the council target… Read more »