Atlantis Resources, the tidal energy giant, has confirmed it is going ahead with the next phase of its MeyGen ‘subsea power station’ in the Pentland Firth off Caithness.
This next phase of the MeyGen site development – ‘Project Stroma’ – is an important step in demonstrating progress towardsa lower cost of energy for tidal stream.
Project Stroma will include larger diameter rotors to capture more energy from the tidal flow, as well as optimised turbine power ratings. Furthermore, Project Stroma will use drilled foundation structures rather than the material intensive gravity foundations used in MeyGen Phase 1A. The turbines will be provided by Marine Current Turbines Limited, which was purchased by Atlantis from Siemens in 2015 in an all-share deal.
Stroma Tidal Power Limited – Atlantis’ wholly-owned project company behind the next phase of the development at the MeyGen site – carried out a competitive tender process for the project construction contracts which has led to the investment decision, with construction due to start in Spring 2017
Tim Cornelius, Chief Executive, Atlantis Resources, said: “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. 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 €16.8 million of grant support to Project Stroma.”