Tidal energy developer Nova Innovation has been granted £265,000 to help establish its operations in Wales.
Marine Energy Wales said the government-backed Coastal Communities Fund (CCF) will provide the funding over a three-year period, which will support the establishment of a turbine assembly facility and four full time posts in North Wales.
Nova is currently developing two tidal energy projects in Wales – Bardsey Sound at Enlli on the Llyn peninsula and the at the Morlais Demonstration Zone off Anglesey.
Commercial Manager Joseph Kidd said: “This grant will help Nova make a real investment in local jobs and the local supply chain in north Wales. Tidal energy has a vital role to play in Wales’ energy mix and can be a real catalyst for the regeneration of coastal communities. Creating jobs and developing local manufacturing is all part of that in our view.”
The Marine Energy Test Area (META) initiative is hoping to secure the remaining required funds from the Welsh European Funding Office as part of a €100 million (£90m) EU funding programme to support marine energy in Wales.