Tidal Power to reach 2.4 GW Capacity by 2017

Energy generation from tidal power is poised to experience a boom that will see the marine and hydrokinetic market’s generation capacity increase from 760 MW to 5.5 GW in just five years, according to Pike Research. “Our research shows that tidal energy is shaping up to be the lower cost option as compared to wave, and therefore the closest to large-scale deployment,” said research analyst Dexter Gauntlett. The research states that by 2017 worldwide tidal capacity will reach 2.4 GW with the top-producing countries being South Korea (750 MW), the United Kingdom (529 MW) and Canada (300 MW), followed by India, China, New Zealand (200 MW each) and Australia (100 MW).

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