This expands the scale of their project, which uses their innovative HydroWing technology, to 20 MW, building on their successful 10 MW award in the previous allocation round.
The 10 MW contract awarded to Inyanga Marine Energy Group for their HydroWing project at Morlais is the largest tidal energy contract awarded for a project through CfD AR6.
Richard Parkinson, CEO of Inyanga Marine Energy Group, says: “This allows us to build on economies of scale from our portfolio of projects to achieve commercially viable generation projects. This award is a testament to the hard work of our pioneering team and our relentless drive to make HydroWing competitive.
“This enhances our expansion in Anglesey and our commitment to develop the project in partnership with Menter Môn Morlais to allow the site to reach its full potential and provide economic growth and benefit to Wales.”
The Contracts for Difference is a UK government scheme that aims to bring forward new clean energy, helping the UK achieve energy security.
The Morlais tidal energy project is unique and the only one of its kind in the world. Run by Menter Môn Morlais, all necessary infrastructure is already installed in the zone, including a connection to the national grid and two substations on the shore.
Richard Parkinson adds: “This is a significant milestone for Inyanga Marine Energy Group and a big vote of confidence in our innovative tidal energy technology.”
