Perpetuus Tidal Energy Centre (PTEC) is a 30MW commercial tidal stream project located off the south coast of the Isle of Wight. It will be a state-of-the-art development able to generate enough clean electricity to power thousands of homes. It will be a forerunner of global tidal stream power.

These are exciting times for the tidal sector. The Government’s consultation on Contract for Difference and the call for evidence on Marine Energy has highlighted the strong environmental and industrial advantages of tidal stream power. It is a proven, inexhaustible and predictable source of renewable energy.

The tides around the Isle of Wight have the capacity to generate around 300MW of renewable power, which could also be used for energy storage and hydrogen production.