Sea turbine plans are still on track - Atlantis Resources
Published 06 Oct 2017Almost 50 tidal turbines could be installed in the Pentland Firth from 2019.
That is the aim of Atlantis Resources Ltd - the company behind the pioneering MeyGen project in the Inner Sound - despite its failure to get a subsidy from the UK Government.
Atlantis has completed Phase 1A of the project which involved installing four demonstration turbines in the firth. It is due to be fully operational in a few weeks.
Phase 1A has now generated more than two gigawatts of energy which equates to £600,000 of revenue with £100,000 being made in the first six months of the year.
Phase 1B or Project Stroma is underway following European Union funding through the Horizon 2020 scheme. It involves installing a further four turbines.
But the company also plans to put another 49 turbines into the sea as part of the next stage of the development. Phase 1C is expected to start in 2019 and cost an estimated £420 million.
Atlantis chief executive Tim Cornelius said: "We intend to ask that the UK Government consider entering into bilateral negotiations with us for the award of a 15-year contract which would allow us to proceed with the construction of Phase 1C of the MeyGen project without further delay."
The approach comes after the company lost out in the recent Contract for Difference auction for renewable projects.
Mr Cornelius said it would be a "travesty" if the UK did not make the most of tidal power because funding is being concentrated on offshore wind.
Meanwhile, Atlantis confirmed that routine maintenance of the four turbines in Phase 1A will take place between October 10 and 15.
As reported last month, concern was expressed about the future of the MeyGen project when it failed to win a renewable energy contract with the UK Government.
Atlantis did not get a Contract for Difference - a subsidy - for the tidal energy project resulting in community and business representatives expressing concern about the venture's future.