A project of national and international relevance
PTEC is a state-of-the-art tidal stream energy generation project, attracting international companies and making the Isle of Wight and Solent area a strategic hub for marine energy. PTEC will play a significant role in accelerating the growth of the UK’s tidal industry, a sector that will complement wind and solar through an entirely predictable source of renewable energy.
New tidal power projects around the Isle of Wight could be created as a result of PTEC – water around the island actually has the capacity to generate well in excess of 200MW of tidal stream energy. Given the importance of PTEC and the future energy generation potential, several hundred FTE jobs (direct and indirect) could be created and safeguarded in the Solent.
A locally important project
The development of PTEC is expected to bring significant benefits to the Isle of Wight and Solent region, especially during construction, operation and maintenance.
It will create jobs and training opportunities, 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 Isle of Wight and around the Solent. Evidence from other tidal energy projects suggests that PTEC will create hundreds of jobs and attract significant investment into the local economy. Opportunities for local businesses have already been generated during the development and consenting phase, and will continue to be generated during both the construction and operational stages of the project.
The island has also benefited from electricity grid upgrades as a result of PTEC.