Inyanga launches crowdfunding round

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Inyanga Marine Energy Group is launching a crowdfunding round in partnership with Crowdcube.

This round presents an opportunity to invest in Inyanga’s patented tidal energy technology, HydroWing, which aims to unlock the full potential of tidal energy with its patented ‘all in one’ solution.

Last month, HydroWing was awarded the largest tidal energy project in the UK in the Government’s latest ‘Contracts for Difference’ allocation round.

This doubles the size of the HydroWing project at Morlais in Wales to 20MW, building on the 10MW awarded in the previous ‘Contracts for Difference’ allocation round.

The company has also recently won the contract to deliver the first tidal energy plant in south east Asia.

CEO Richard Parkinson said: “We are progressing on our mission to become the world leaders in tidal energy. This crowdfunding round is an opportunity to be part of our exciting journey.”

For more details on the Crowdcube investment round, click here.