Monday December 29th 2014
Construction of the largest planned tidal energy project in the world is expected to begin off the Scottish coast next month.
Atlantis, the owners of MeyGen Project revealed that they have finalised all of the conditions required to initiate its first drawdown from financiers, The Crown Estate and Scottish Enterprise.
The project is expected to power nearly 175,000 homes via 269 turbines on the seabed at Ness of Quoys in Caithness, north-east Scotland.
Announcing the project to Investors, Atlantis said: The major construction and supply contractors to this iconic project have commenced design, engineering and procurement works in readiness for commencement of onshore construction at the project site in Caithness in January 2015.
We believe MeyGen is the largest planned tidal energy project in the world with a capacity of almost 400MW.”
The National Grid is expected to receive its first power supply from the project in 2016.