The developer of the world’s largest tidal array project in Scotland has secured another £7.5 million.
Atlantis Resources has been awarded a two-year contract by the Energy Technologies Institute (ETI) for a multi-turbine foundation structure that will support a further two turbines at the MeyGen tidal array in Pentland Firth.
The news comes just days after the developer announced it has raised £50 million for the first phase of the project.
The latest move will increase the capacity of the project from 6MW to 9MW.
Tim Cornelius, Atlantis CEO said: “The ETI funded technologies to be designed and built as part of this project have the potential to substantially reduce the cost of energy of installed commercial turbines – improving the economics of tidal energy as part of the UK’s energy mix.”
Last week analysts reduced predictions for tidal and wave power installations, suggesting the development of marine energy technologies is taking longer than hoped and costing more money than expected.