Scotland’s SAE Renewables broke a milestone becoming the first tidal power company to generate 50 GW of electricity off the coast of Scotland, according to a statement released this week. By comparison, total global generation from tidal sites is less than 50% of that amount, the statement notes. The company has four 1.5 MW turbines with a combined capacity of 6 MW installed 20 meters below sea level off the Northern Scottish coast at the MeyGen site, capturing some of the strongest flows between the North Sea and the North Atlantic.

Tidal power generation uses strong tidal flows in the deep sea to generate energy. To date, tidal stream projects have a much smaller footprint than other renewables with a little over 3 MW of tidal stream installed globally, according to CNBC. Trade association Ocean Energy Europe claims that ocean energy — which includes wave energy, tidal stream technology and ocean thermal energy conversion — can provide 10% of Europe’s current electricity needs by 2050.

British International Investment (BII) has extended USD 50 mn in funding to help Sudan’s DAL Group to shore up food security in Sudan, according to a statement (pdf). The investment will be funneled through Sudan’s Invictus Investment — a subsidiary and partner Invictus Trading which handles imports for DAL Group — to mitigate supply chain disruptions, and climate change impacts including severe droughts and flooding. The funds will allow DAL Group to import 280k metric tons of wheat annually. This is BII’s first investment in Sudan.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Japanese automaker Toyota will begin EV production in the US from 2025, with the aim to produce 1k electric SUVs by 4Q 2025. The company said it aims to produce 1 mn EVs globally by 2026 as it pushes to increase its share of the EV market. (Nikkei Asia)
  • New Zealand’s damage from last week’s devastating climate change-induced Cyclone Gabrielle could cost the country over USD 8 bn. The cyclone is the biggest natural disaster to hit New Zealand this century, Prime Minister Chris Hipkins has said. (Reuters)
Tags: