The EU has provided £9.55 million to support a 15MW wave energy project in Cornwall.
Australian company Carnegie Wave Energy will use the money to develop the first phase of the scheme located at Cornwall’s Wave Hub.
The first stage includes a 1MW development of CETO, a technology that operates under water, converting ocean wave energy into zero emission electricity and desalinated water.
It will be followed by the second phase which will deliver 15MW of commercial wave array.
Development of the first phase is set to commence immediately and is expected to be commissioned in 2018.
George Eustice, Minister of State at Defra said: “Cornwall offers a cluster of academic and industrial expertise, world class test facilities, infrastructure and resources which ensures it is well positioned to play a significant role in securing the UK’s continued reputation as a market leader in offshore renewables.”
Earlier this week, wave energy developer CorPower Ocean AB was awarded €4 million (£3.56m) by the EU Commission.