Meanwhile, in Oyster Reich...

[OrraLoon]

http://www.heraldscotland.com/business/ ... -1.1035942

Aquamarine Power, one of the front-runners in the wave energy race, has secured £6 million to develop its next prototype – but is seeking a further £17m to get it finished.

The Edinburgh-based company, which has a concession with part-owner Scottish and Southern Energy (SSE) to develop a 200MW wave farm at Brough Head in the Pentland Firth south of Orkney, is seeking the funding for its Oyster 2 device over the next few months in a bid to get it into the water by next summer.

The 26-metre, 300-tonne device, which will attach to the seabed in depths of around 12m, will produce energy by pushing water down pipes to hydroelectric turbines on the shore. Oyster 2 will be three times as powerful as its predecessor, Oyster 1, which has been operating in the Pentland Firth since last November...

...While Oyster 1 is running at a ­capacity of 315kW, the new device will be able to produce 850kW. If the fundraising goes according to plan, the company hopes to get the first Oyster 2 in the water next summer and then follow up with two more the following year.

McAdam said that the design would then be further streamlined by Oyster 3, which it hopes to launch in 2013/14. A year after that it hopes it will be able to build its devices at a comparable cost to offshore wind development. Aquamarine calculates that Oyster 2 will cost £9m per MW, a third of the cost with the current prototype, but still over double the cost of building the shallow-water offshore machines that are being installed off the coast of England as part of the Crown Estate’s “Round Two” concessions...

[RenewableCandy]

Wow! Sadly the Chateau Renewable Slush Fund doesn't run to millions. We're still struggling to pay orf the mortgage on the duck house...