PTEC is a state-of-the-art tidal stream energy generation project, attracting international companies and making the Isle of Wight a strategic hub for marine energy.
The proposed development will create jobs and training opportunities as well as encourage inward investment and provide diversification opportunities for local businesses.
Where possible, PTEC will source materials and services locally, utilising the extensive marine and engineering related supply chain on the Island and around the Solent. Evidence from other tidal energy projects suggests that PTEC could create hundreds of jobs and attract significant investment into the local economy. Opportunities for local businesses will be generated during both the construction and operational stages of the project.
The government has stated it wants to produce 15% of the UK’s energy demand from renewable sources by 2020. It is hoped that up to 100MW of tidal stream energy could be deployed in UK waters by 2020 and PTEC could play a significant role in helping to achieve that goal.
The development of PTEC has the potential to bring significant benefits to the Isle of Wight and Solent region, especially during construction and the operation and maintenance periods.
Please visit the Perpetuus Tidal Energy Centre website for further details by clicking here.