Tidal energy developer’s investment decision confirmed after first turbine comes into operation at Scottish facility
Atlantis Resources is set to begin constructing the next phase of its high profile MeyGen tidal energy project off the coast of Scotland next year, the company announced yesterday.
The news comes with confirmation from Stroma Tidal Power Ltd – the company behind the project development which is wholly-owned by Atlantis Resources – of its investment decision to proceed to construction of Phase 1B of the MeyGen facility in 2017.
Stroma Tidal Power (STPL) said it had carried out a competitive tender process for the construction contracts for the new phase – known as Project Stroma – which the firm described as an “important step in demonstrating progress to a lower cost of energy for tidal stream”.
It follows recent news the first installed turbine in the initial phase of the flagship MeyGen facility – the world’s largest tidal power array and a winner at the BusinesGreen Technology Awards earlier this month – is now operating at full capacity and sending electricity to the grid.
Project Stroma will include larger diameter rotors to capture more energy from the tidal flow as well as optimised turbine power ratings, Atlantis Resources said.
In addition, the next phase will use drilled foundation structures rather than the more material-intensive gravity foundations used in phase 1A of the MeyGen development.
The turbines to be used in construction of the next phase will be provided by Marine Current Turbines Ltd, which was purchased by Atlantis from Siemens in 2015 in an all-share deal.
“The lessons we have learned from Phase 1A and the confidence it has given to both us and our supply chain allow us to deliver significant improvements and refinements in this next phase,” said Tim Cornelius, CEO of Atlantis. “We believe these improvements will yield more electricity for each pound of investment and represent a material step down our cost reduction curve. STPL has been working towards this investment decision in line with the specified programme for the NER300 fund, which has awarded €16.8m of grant support to Project Stroma.”