Atlantis Bags EU Funding for MeyGen Project

Atlantis has secured the award of €20.3 million from the European Commission for the next phase of the MeyGen tidal array project.

The funding was secured through the Horizon 2020 program for the Demotide project, which will design, build and operate a 6MW turbine array, MeyGen Phase 1B, in the Inner Sound of the Pentland Firth in northern Scotland.

MeyGen Phase 1B, also known as Project Stroma, will start construction in 2017 and first power is expected in 2018.

It will be built adjacent to the existing 6MW MeyGen Phase 1A project, which delivered first power to the grid in November last year.

Together, Phases 1A and 1B complete the foundation for full scale build out at the site, which has an awarded seabed lease for almost 400MW of installed capacity, the company explained.

The Demotide project consortium consists of Atlantis’ subsidiary Marine Current Turbines, DEME, comprising DEME Blue Energy and GeoSea, Innosea and Queen’s University Belfast.

Atlantis CEO, Tim Cornelius, said: “The Demotide project is the next significant step in delivering cost effective, reliable tidal stream generation for Europe. This project will help the tidal stream industry demonstrate reductions in the price per unit of electricity by increasing the energy yield per pound of investment. Demotide will set tidal on a path to cost parity with offshore wind by 2020.”

Share this article

Follow Subsea World News

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

OGA 2017

OGA 2017 is the most beneficial way to meet, discuss and acquire the latest in the Oil & Gas industry! It is also;…

read more >

IMCA ROV SEMINAR

This seminar is designed to assist IMCA members in dealing with these, with a programme of technical and operational topics affecting…

read more >

Offshore Wind Energy 2017

In 2017, EWEA and RenewableUK will join forces to bring you the greatest conference and exhibition Europe has ever known in the history…

read more >

UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

More info

read more >