Morgan Stanley’s MeyGen Enters Scotland’s Marine Energy Prize
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MeyGen Ltd., a joint venture tidal-energy developer part-owned by Morgan Stanley, has joined three finalists in entering Scotland’s 10 million-pound ($16 million) Saltire Prize that seeks to spur innovation in marine energy.
The company’s tidal energy project off the north coast of Scotland will compete against projects by Aquamarine Power Ltd., Pelamis Wave Power Ltd. and ScottishPower Renewables (UK) Ltd., the Scottish government said today in an e-mailed statement.