The
financing
–
£7.6m
from
private
backers
Norway's
Fred
Olsen,
oil
major
Total
and
new
investor
partner
ABB
Technology
Ventures
(ABB-TV)
–
will
underpin
design,
construction,
installation
and
testing
of
the
Orkney
company’s
commercial-scale
SR2000,
which
is
scheduled
for
completion
in
spring
2014.
STP’s
2MW
machine,
which
is
based
on
its
grid-connected
250kW
prototype
currently
ongoing
at
the
European
Marine
Energy
Centre
(Emec)
Fall
of
Warness
test
site,
is
expected
to
be
used
for
the
30MW
Lashy
Sound
project
off
Orkney,
which
was
awarded
an
agreement
for
lease
by
the
Crown
Estate…
