Commenting on the news that the Edinburgh based wave energy developers Aquamarine Power have gone into administration, Edinburgh North and Leith MP Deidre Brock said:-
"I'm saddened by the news that these pioneers of wave energy are facing financial challenges, although relieved that no job losses are being announced. As the constituency MP I will be keeping a close eye on developments and do anything I can to assist.
"The Oyster wave energy machine is a fantastic technical success story - capturing the energy of our seas in the harshest of conditions around Orkney. With around 10% of Europe's wave energy resources flowing around the Highlands and Islands, we can't allow the amazing potential of this green industry to be put at risk.
"The Scottish Government is committed to making Scotland a world leader in renewable technologies, but confidence in the sector has been dealt a hammer-blow recently by Tory Government cuts to renewable support. The UK Government should stop blowing billions on overpriced nuclear power and help rather than hinder those who wish to harness the abundant energy of the wind and the waves."
Announcement from Aquamarine Power: http://www.aquamarinepower.com/news/aquamarine-power-calls-in-administrators.aspx