£18 million marine energy fund

A multi-million pound fund to help develop Scotland's first commercial wave and tidal power arrays was opened today. Addressing the AllEnergy conference in Aberdeen, First Minister Alex Salmond announced that Scotland's Marine Renewables Commercialisation Fund (MRCF) was now open for bids by marine energy developers.
He also announced the first award from the £70 million National Renewables Infrastructure Fund (N-RIF) -- a £500,000 grant to support the transformation of a strategic dock, ten miles from Glasgow city centre to create a key manufacturing location for renewable energy.