UK government 'should encourage tidal power investment'

21 Oct 2010
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UK government 'should encourage tidal power investment'

The tidal power industry requires the government to encourage companies to invest in technological advancements.

This is according to the Confederation of British Industry (CBI), which was reacting to the announcement by the UK energy and climate change minister Chris Huhne that a planned £30 billion barrage to produce tidal power at the Severn Estuary is to be scrapped.

Dr Neil Bentley, the CBI's director of business environment, stated that it is "understandable" the government no longer feels that it can fund the renewable energy development.

"Tidal power has the potential to play a significant role in the UK's energy future," he said.

Dr Bentley added that announcements made by Mr Huhne regarding nuclear power are also welcome.

"The decision to give the go-ahead for energy companies to use new nuclear reactor designs is particularly welcome," he commented.

Shadow Welsh secretary Peter Hain has already slammed the decision to scrap the planned renewable energy facility at the Severn Estuary, describing the move as a "disaster" for the future economic prosperity of Wales. 

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