Atlantis Resources has signed an agreement to partner with Natural Energy Wire (NEW) to develop the Wyre tidal project.
The project is planned to be built between Fleetwood and Knott’s End on the Lancashire coast in England.
The Wyre project, which has been under development for several years, comprises a 160 MW tidal power plant capable of producing up to 400GWh of carbon free power each year, coupled with flood protection.
Atlantis recently announced the launch of a new division, Atlantis Energy, and the partnership with NEW has been entered into with the new division.
The design of the project has been a collaboration of several companies including Mott Macdonald, BAM Nuttall, Arcadis and Andritz Hydro.
Bob Long, managing director of NEW, said: “I am delighted by the involvement of Atlantis in this important project. I am passionate about the Wyre project and am committed to seeing it delivered for the greater economic good of the region. It is a project that offers huge opportunity for the regeneration of Fleetwood and the surrounding area and a chance to enhance the recovery of a previously seriously contaminated estuary.”
Tim Cornelius, CEO of Atlantis, added: “The Wyre project is an opportunity to develop an extremely cost effective tidal range project which represents excellent value for the consumer. The geography of the Wyre means that only a relatively small impoundment is required for the power output produced. This makes Wyre a very cost effective way to test the concepts of tidal range power; its location also offers the chance to offer multiple benefits to the local community and surrounding area through economic stimulus and habitat preservation.“