SRTP has worked hard to secure knowledgeable corporate partners who in addition to financial support have brought significant added value in terms of marine experience, project development and engineering support. The result is one of the strongest investor partnerships in the marine renewables sector.
Energy major TOTAL first invested in SRTP in 2006. A long-standing supporter of green energies, TOTAL stated "Aside from the fact that it does not emit any greenhouse gases, tidal power has the advantage of being predictable. In the long-term, marine power could make a significant contribution to electricity generation from renewable sources, particularly in the UK".
2008 saw SRTP secure a major investment from Norwegian based Fred. Olsen Group. Mr. Olsen said "Scotrenewables face a difficult challenge, but have a good team who are trying to cover every eventuality". Having looked at a number of marine energy projects, Fred. Olsen Renewables chose to invest in the Scotrenewables Tidal Turbine project, taking a keen interest in the development of the technology.
In 2012, the venture capital division of the Swiss power and automation multinational, ABB Technology Ventures (ABB-TV) invested in Scotrenewables Tidal Power. ABB's technical expertise supports the tackling of a range of complex cabling and grid connection challenges. ABB's investment was a resounding endorsement of both the SRTT concept and development team.
|DP Energy became a significant investor in SRTP in 2015. DP Energy are one of the world's leading developers of tidal arrays with several hundred MWs of potential tidal array capacity within their portfolio.|