The Scottish government has given funding worth £7.9m ($12.5m) to five marine energy developers.

The financing marks the second round of WATERS (Wave & Tidal Energy: Research, Development & Demonstration Support), an initiative set up to enable Scottish developers and supply chain firms to capture an increased share of the international marine energy market.

The recipients are Scotrenewables Tidal Power, awarded a £1.2m grant towards a £9.24m project to design, construct and install a floating tidal turbine; AlbaTERN, given £617,000 towards the deployment of a WaveNET demonstrator array comprising six SQUID 7.5kW wave energy converters; AWS Ocean Energy, which received £3.9 million for the design, build and launch stages of a project to prove the AWS-III WEC at full scale; Nautricity, which received £1.4m for the build and testing of a full-scale, pre-commercial CoRMaT 500kW tidal turbine; and Oceanflow Development, which will build and field-test a prototype twin-turbine tidal energy converter with its £750,000 grant.

Scotland’s Deputy First Minister Nicola Sturgeon said: “By supporting a range of wave and tidal technologies at various stages of development towards commercialisation and the goal of large-scale sea-powered electricity generation, we can stimulate innovation, investment, job creation and help protect the planet for future generations.”

WATERS is a collaboration between the Scottish government, Scottish Enterprise and the Highlands and Islands Enterprise, with funding from the European Regional Development Fund.

During the initial round of WATERS funding in 2010, four marine energy projects across Scotland were awarded £6 million.