Pentland Firth Tidal Project Moves Forward
Published on by Water Network Research, Official research team of The Water Network in Business
World'S Largest Tidal Energy Project in Scottish Waters Has Taken Another Step Forward
Developer Atlantis has signed a 25-year seabed lease for the multi-million pound MeyGen scheme, which will be built in the Pentland Firth between Orkney and the Scottish mainland.
It is the largest marine energy lease to be awarded by the Crown Estate and is the first in the region.
Atlantis plan to start installing devices in the Inner Sound of the firth over the next two years.
By 2020, 61 of the 269 turbines proposed could be in place. The installation is expected to power 175,000 homes.
Atlantis have secured more than £51million in funding for the first phase of the project, including £17.2m from the Scottish Government.
MeyGen chief executive, Dan Pearson, said: "Signing the lease with the Crown Estate is a significant achievement.
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