Atlantis takes MeyGen tidal control

Atlantis’ 1MW AR1000 turbine

Atlantis’ 1MW AR1000 turbine

London-headquartered Atlantis Resources has taken over ownership of Europe’s largest tidal power project, the near-400MW MeyGen project off Scotland’s Orkney Islands.

The acquisition, which involves an undisclosed buy-up of equity from joint venture partners Morgan Stanley and GDF Suez, comes in the wake of the development being awarded offshore planning consents by the Scottish government.

“The size, location and tidal resource of MeyGen make it one of the most exciting marine energy projects under development anywhere in the world and Atlantis has been considering increasing the size of its shareholding for some time, subject to the award of consents,” says Atlantis chief executive Tim Cornelius.

“Now that the project has cleared this Log in to read complete article.

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