Business

Marine renewable opportunities set to surge

marinePEMBROKESHIRE businesses are set to benefit from imminent developments in the renewable energy industry following two key announcements made by Marine Energy Pembrokeshire last week. The Crown Estate’s selection of Wave Hub – the organisation behind the world’s most advanced site for the testing and development of renewable energy – as the organisation to manage Pembrokeshire’s designated Demonstration Zone, and the signing of a collaboration agreement between Marine Energy Pembrokeshire and South West Marine Energy Park, is welcome news for local businesses and the area as a whole. The Port of Milford Haven’s strategy, supported by their significant investment, has positioned and equipped Pembroke Port to become a key delivery centre for this growing industry. Pembrokeshire’s powerful natural resource for wave and tide, existing grid connectivity and recently improved road links coupled with the Port’s deep water quay, industrial sheds and extensive lay-down space are already beginning to attract considerable interest. Local businesses that employ highly skilled engineering personnel who are accustomed to servicing the cluster of energy facilities on the Haven will play a critical role as delivery partners. Based on a recent study by Regeneris Consulting and the Welsh Economy Research Unit at Cardiff Business School, the development of marine energy in Wales has the potential, in the next 3-4 years, to support £72m of Gross Value Added (GVA) and create over 2,000 personyears of employment during the development and installation phase, and £2m GVA with 50 FTE jobs per annum during the operational and maintenance phase. Kevin Hobbs, Short Sea Director for the Port of Milford Haven with responsibility for Pembroke Port, commented: “We are committed to developing Pembroke Port into a centre of excellence for marine renewables and engineering. Existing infrastructure and on-site specialist supply chain companies experienced in engineering and fabrication and operation of work-boats and barges are combining to create an exciting opportunity for businesses in and around the Port. “Our commitment to the industry is already being realised by Tidal Energy Limited, the company behind the Delta Stream concept which aims to harness the power of tidal flow to generate power. They chose Pembroke Port as their operational base early in 2013 and are currently preparing their device for deployment in Ramsey Sound later this summer.” Managing Director for Tidal Energy Ltd, Martin Murphy, said: “We are pleased with how our project has progressed. Pembroke Port’s flexible approach and the excellent facilities there, as a base from which to store and assemble components, deploy, monitor and maintain wave and tidal energy projects such as ours, has made a significant difference to us in advancing this innovative project.” Kevin Hobbs added: “The Pembrokeshire economy has benefited from the busy oil and gas port at Milford Haven for decades, but in recent years shipping has declined and the Port is looking to diversify in order to continue to support the level of employment the area has become accustomed to. A master-planning process for Pembroke Port is under way that is looking at areas within the site that could be adapted for use as a potential manufacturing base for wave and tidal devices. “The major announcements by Marine Energy Pembrokeshire this week are exciting news and highlight what can be achieved through collaboration between business, communities, and local and national government. At Pembroke Port we look forward to continuing to collaborate and work in partnership with all agencies so that, together, we can maximise the long term economic benefits from Pembrokeshire’s existing natural resource and skilled personnel.”

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Dayne Stone

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