Earlier quoted context omitted.
I have a friend who was very interested in investing in this space, and did some research. TLDR, even though the tech is probably mature enough, the economics just aren’t there for private industry yet. It’s require major state-level funding to get it off the ground at this point, IMO. Very similar to how solar used to be. First, tidal turbines are very specialized pieces of hardware (compared to wind turbines), that…
This is a fantastic summary! In the United States, I believe that the Pacific Northwest and parts of the Maine coastline were also considered, but for many of the reasons above, I don't think any of those projects really achieved critical mass for wider adoption. I'm not bullish on the future of tidal power--there may be some use case for it, but the reality of the engineering challenges associated with putting hardw…
He was looking specifically to invest in Gujarat, because of family ties. However, the government decided the project wasn’t worth it and binned it. IIRC they were more interested in developing solar. I tried googling around for articles related to it, this the best I could find: https://energy.economictimes.indiatimes.com/news/renewable/i...
Australian government wasn’t super interested in developing tidal resources because of the coal special interest groups, but also because solar resources are lower hanging fruit. The UK project was very legitimate and institutionally mature, but was more of a science project for proving the technology than an investment opportunity.