Orkney’s encouraging crowdfunding renewables development as Brexit looms

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John Robertson
Orkney’s encouraging crowdfunding renewables development as Brexit looms

It’s clear that Brexit could lead to the loss of development funding in several areas, but tidal energy research seems particularly vulnerable at this early stage. See this for more detail: https://www.commonspace.scot/articles/11413/concerns-over-eu-renewable-energy-investment-west-scotland-after-brexit So, this news is especially encouraging: Peer-to-peer ethical investment company Abundance has closed its largest fundraising to date with £7 million for Scottish tidal energy company Orbital Marine Power, based in Orkney. Orbital Marine Power, formerly Scotrenewables Tidal Power, will use the funds raised to build its first…

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John Robertson
Orkney’s encouraging crowdfunding renewables development as Brexit looms