DP ENERGY CONGRATULATES SCOTRENEWABLES TIDAL POWER

As shareholders in Scotrenewables Tidal Power Ltd, DP Energy congratulates the Scotrenewables team on the imminent installation of their SR2000 turbine which is undergoing final commissioning checks prior to beginning testing at the European Marine Energy Centre (EMEC) off the coast of Orkney.

As shareholders in Scotrenewables Tidal Power Ltd, DP Energy congratulates the Scotrenewables team on the imminent installation of their SR2000 turbine which is undergoing final commissioning checks prior to beginning testing at the European Marine Energy Centre (EMEC) off the coast of Orkney.


The turbine has been hailed as a potential ‘game changer' by Scotland's Business, Innovation and Energy Minister Paul Wheelhouse, and is capable of generating 2MW of power - enough to meet the needs of approximately 1,000 homes over the course of a year.

"This is a tremendous achievement by a small and dedicated team," says Simon De Pietro, Chief Executive of DP Energy. "We are proud to be associated with them. We are committed to the technology neutral approach on our developments around the globe whether they be tidal, wind or solar; but are keen to support innovative and potentially ground breaking generation and storage technologies when we come across them. We also appreciate good engineering and are convinced that there is a promising future for the SR2000. We wish the team, and the SR2000, well."

In addition to DP Energy, the SR2000 project has been supported by Scottish Enterprise's WATERS II along with investments from other Scotrenewables' shareholders including ABB, Fred. Olsen, Total and the Scottish Government via the Renewable Energy Investment Fund (REIF).

ENDS

Note to Editors:

About DP Energy
DP Energy is a renewable energy and sustainable development specialist operating in sites across the world. Completed and disclosable current project information can be found at: www.dpenergy.com/projects/

DP Energy has a simple purpose: ‘to develop renewable energy projects which are both sustainable and environmentally benign'. Each DP Energy company is a private limited company with the controlling shareholdings being held by Maureen De Pietro and Simon De Pietro.

DP Energy has successful projects in Canada, the Republic of Ireland, Northern Ireland and Scotland and plans for future projects in Canada, South Australia, the Republic of Ireland, Northern Ireland and Scotland - see www.dpenergy.com/projects/

DP Energy Ireland Ltd, Mill House, Buttevant, P51 TN35, Co. Cork, Ireland. http://www.dpenergy.com

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