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Buyer sought as tidal energy company goes into administration

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tidalenergyA BUYER is being sought for an established Welsh-based tidal stream technology company which has entered administration.

Tidal Energy Ltd, which was set up in 2001, uses technology to harness the power of the sea’s tides to provide a sustainable source of renewable electricity. It operates out of offices in Cardiff and Pembroke Dock.

However, the sector has suffered from economic and political uncertainty in recent times, due to the withdrawal of previous government subsidy promises under the Contracts for Difference regime.

Joint administrators Steve Wade and David Hill – from business rescue and recovery specialist Begbies Traynor – were appointed on October 17.

The administrators have retained key staff to continue the company’s operations and specialist knowledge while a buyer is sought for the business and assets as a going concern.

Tidal Energy Ltd has developed  tidal stream technology called “DeltaStream”, a full scale 400KW turbine that has been successfully tested at Wales’s first tidal energy site at Ramsey Sound, in Pembrokeshire, west Wales.  The Ramsey Sound site is also owned and operated by the company.

Tidal Energy Ltd Director, Chris Williams, said the results of testing the technology made the company a strong commercial prospect.  “The full turbine characteristics have been tested and verified, and we also possess a wealth of data and information that makes the whole operation, including the turbine and the Ramsey Sound site an attractive proposition to potential partners,” said Mr Williams.

“Unfortunately, market forces have meant we have struggled financially, but we are confident that we have the skillsets amongst our people and a tried and tested technology in place that makes us confident about our future prospects. We therefore strongly believe we can help the UK lead the world in the development and application of tidal technology.”

Administrator, Steve Wade, from Begbies Traynor, said the economic climate had had a “significant” impact on the company’s business.

“We hope, however, that by working closely with the board of directors and government agencies we can attract potential purchasers to emerge from a variety of different sources,” he said.

David Jones, Project Director, Marine Energy Pembrokeshire told The Herald: “At a time when this new sector is really gathering momentum in Wales it is disappointing to hear that a Welsh based company, who have played a key role in the sectors development has gone into administration. It highlights the challenges of being at the forefront of a nascent sector.

“In the short-term it is important to work with others to ensure that the skills and knowledge of the TEL team are not lost from the area and their experience can assist other companies who are locating in Pembrokeshire. We need to recognise that the Ramsey project delivered on the funded priorities, which were to develop a technology and site, deploy and grid connect a technology and monitor environmental interactions.

“The project has provided invaluable learning and has assisted local supply chain companies to diversify into a new sector. It is crucial that this experience assists us all moving forward.

“The project site, which is grid connected will be a potentially attractive development opportunity for a number of marine energy companies. Pembrokeshire and Wales with its abundant resource, €100 million of EU Structural Funding for marine energy, world class ports and supply chain capability will continue to attract and support this new important energy sector. Minesto, Marine Power Systems and Wave-tricity have all recently chosen Wales as a destination to develop their technologies and there is real progress being made on our two Demonstration Zones.

He continued: “Combined with the exciting opportunities of tidal range the marine energy sector will continue to play an important role in creating new sustainable low carbon jobs in Wales. The UK is leading the world in this new sector but like many other nascent industries it is inevitable that some technologies will not move beyond an R&D phase.”

 

 

1 Comment

1 Comment

  1. Steve De-Waine

    October 24, 2016 at 3:40 pm

    Apparently whats really happened is the unit has had the hydraulics fail and requires lifting back on to the shore for repair……..Which will cost ££££££ My opinion is that any Marine Energy project of Pembrokeshire will not work due to the logistical access for repair as Pembrokeshire is wide open to Atlantic weather systems and is swept with fierce tides, renewable energy is the way to go but not in the sea…..on the land where the environment and access can be controlled better….Bye bye millions of ££££££ which could of been spent more wisely !

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Community

Mayors and community leaders join Milford Haven Founders Day celebrations

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Town’s civic leaders praised as event highlights community spirit

A HOST of civic dignitaries and community representatives joined residents for this year’s Milford Haven Founders Day, helping to mark the town’s annual celebration of its heritage and community spirit.

The event, held on Saturday, welcomed mayors and representatives from towns across Pembrokeshire, alongside police officers, clergy and local business leaders.

Milford Haven Founders Day organisers thanked guests for attending and supporting the occasion, describing their presence as helping to make the day “even more special”.

Among those attending were the Mayor of Milford Haven, Mark Woodward, accompanied by Mayoress Evija Upeniece Woodward; the Mayor of Haverfordwest, Councillor Randell Izaiah Thomas-Turner, accompanied by Mayoress and Sheriff Councillor Dani Thomas-Turner; the Mayor of Pembroke, Jonathan Grimes; the Mayor of Pembroke Dock, Councillor Tony Wilcox; and the Mayor of Neyland, Councillor Peter Hay, accompanied by Mayoress Mitzy Hay.

The event also welcomed local Police Community Support Officers from Milford Haven and Neyland Police, Reverend Dr Adrian Furse of St Katharine and St Peter’s Church, Milford Haven, Milford Haven Business Circle chairman Byron Thomas Jenkins, and treasurer Amanda Dyson.

Organisers said the strong turnout from civic leaders reflected the importance of Founders Day as a celebration of Milford Haven’s identity and local pride.

A spokesperson for Milford Haven Founders Day said: “Your presence and support helped make the day a memorable celebration of our town, its history and its community spirit. We are truly grateful that you took the time to join us and share in the festivities.”

Pembroke Mayor Jonathan Grimes later praised the event, commenting: “Thank you for the kind invitation – it was a wonderful event!”

Photo caption:

Civic guests: Mayors, community representatives and local officers gather during Milford Haven Founders Day celebrations (Pic: Captured Soul Photography).

 

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News

Davies attacks Welsh Government funding for campaign urging people to limit red meat

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WELSH CONSERVATIVE Shadow Farming Minister Andrew RT Davies has called on Plaid Cymru ministers to stop funding public information campaigns which he says undermine Welsh meat.

The criticism follows a Welsh Government response to a written question from Welsh Conservative Senedd Leader Darren Millar, which showed £662,000 was allocated to the Climate Action Wales campaign during 2025-26.

Examples of the campaign include online advice on ‘green food choices’, sustainable eating and meat-free options, alongside wider material on energy, travel and consumer behaviour.

The campaign gives advice on reducing carbon emissions through choices on food, travel, energy and purchasing. Its sustainable food guidance says meat is among the largest contributors to greenhouse gas emissions, particularly from ruminant livestock such as cows and sheep.

It also advises people to limit red and processed meat, while saying those who do eat meat should try to buy local, sustainably farmed produce where available.

Mr Davies said Welsh meat should be promoted rather than undermined.

He said: “Welsh meat is of the highest quality and the industry forms a key part of our economy.

“Plaid Cymru separatists must celebrate it, not fund campaigns that undermine Welsh meat.

“No project aimed at discouraging meat consumption should receive public funds.”

The Welsh Government response said the figures related to public information campaigns connected to the previous government’s policies.

 

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Education

Teacher incentive scheme branded ‘sticking plaster’ by school leaders

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SCHOOL leaders have warned that a Welsh Government plan to increase incentive payments for trainee teachers in priority subjects risks creating a “two-tier workforce”.

NAHT Cymru said the move may help attract some new teachers, but warned it does not address the wider recruitment and retention crisis facing schools across Wales.

The Welsh Government’s priority subject incentive scheme offers grants to eligible postgraduate teacher trainees in subjects including biology, chemistry, design and technology, digital technology and computer science, mathematics, international languages, physics and Welsh.

Laura Doel, national secretary of NAHT Cymru, said: “While we agree that an ambitious plan to help schools struggling with recruitment and retention of teachers is needed, we don’t think focusing on subject-specific incentives is the way to go.

“This risks creating a two-tier workforce and appears to be a short-term sticking plaster solution for a systemic problem.”

She said there appeared to be no requirement for teachers to remain in schools for a set number of years after induction in order to keep the payment.

Ms Doel added: “We know a significant proportion of teachers leave the profession within the first five years of teaching.”

NAHT Cymru said ministers should focus instead on the wider pressures affecting teachers, school leaders and primary schools, as well as secondary subjects where recruitment is difficult.

The union said improving pay, terms and conditions, and reducing workload would do more to make teaching an attractive long-term career.

Ms Doel said: “By going further in restoring the real-terms value of pay, which fell sharply over the previous decade, improving terms and conditions, and bearing down on unsustainable levels of workload, ministers could make the profession an attractive long-term career proposition once again.

“But schools also need fairer funding to recruit the staff and support staff they need and deliver for pupils.”

She said ensuring schools receive the full consequential funding owed through the Barnett Formula should be a priority for the new administration.

NAHT represents more than 38,000 school leaders across early years, primary, secondary and special schools in England, Wales and Northern Ireland.

 

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