Marine energy specialist SIMEC Atlantis Energy unveiled plans to build a “multi hundred-megawatt” tidal stream project off the coast of northern France, delivering power at lower cost than the country’s first generation of offshore wind farms.

SIMEC Atlantis has created a joint venture called Normandie Hydrolienne with local development agency AD Normandy and a regional investment fund, with an ambition to have Europe’s largest tidal power project operational by 2024.