Rotherham firm Eadon Consulting providing detailed design services for the operatingmechanism as well as developing the hydraulic and electrical control systems.
He is also offering operating subsidies through the renewable-obligations mechanism, which will pay tidal generators three times as much as the subsidy paid to onshore wind farms, and wave generators five times as much.
Rather than the tumbling yen being more evidence of economic incompetence, the exchange rate is the mechanism that redistributes demand away from economies that are operating at full capacity towards those in recession.
It was also agreed that the European Stability Mechanism (the zone's permanent bailout fund that will start operating in July) could buy government bonds and drive down a country's borrowing costs.