Government takes on Cornwall’s Wave Hub project ...

Government takes on Cornwall’s Wave Hub project
The Wave Hub offshore marine energy project in Cornwall, which allows developers to test new wave energy technology, has been taken into ownership by the government to secure its future as a vital part of the UK's green energy sources. The Department for Business Innovation and Skills (BIS) took ownership of the asset from the South West Regional Development Agency (RDA) at the start of the year.
BIS and the RDA had been discussing the Wave Hub's future since closure of the RDA was confirmed by the government last summer.
To manage the day-to-day operation of the testing facility on its behalf, BIS has set up a stand-alone operating company, Wave Hub Limited, which will be based in Hayle, Cornwall. This arrangement will allow the project to build on the operational plans already put in place by the RDA.
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