‘World’s biggest’ undersea tidal energy hub lands £1.5m grant from Scottish Government

Funding will be used for the development of company’s 80MW subsea hub in the Pentland Firth off Northern Scotland and will allow 40 tidal turbines to be connected to a single power export cable

Wind turbine
US announces $28m gust of funding for floating wind turbines

The Department of Energy aims to exploit the nation’s best wind resources, many of which are found in deep waters

Renewable bond hits the market

Renewable energy developer Atlantis has launched a five-year bond to help fund its upcoming projects. Through Abundance Investment Limited’s green peer-to-peer investment platform, the bond offer seeks to raise a minimum of £2 million and a maximum of £5 million. These proceeds will be used to accelerate the development of opportunities such as the recently […]

Atlantis green lights next phase of MeyGen tidal project

Atlantis has announced it has secured funding for the next stage of its tidal energy project. The second phase of the MeyGen scheme is called “Project Stroma” and aims to demonstrate progress to a lower cost of energy for tidal stream. Stroma Tidal Power Limited (STPL), the subsidiary behind the next phase of the development at […]

MeyGen tidal power project connected to grid

Atlantis Resources has connected its flagship tidal project MeyGen to the Scottish grid. MeyGen has a capacity of 400MW and is expected to generate enough electricity to power 175,000 homes. The marine energy company has connected the tidal project to a 33kV distribution network through underground power export cables. Tim Cornelius, CEO of Atlantis said: “We believe […]

Boost for Scottish tidal energy industry

Tidal energy company Atlantis has announced a partnership with an investment firm. The firm and Equitix, which has more than £1.7 billion of funds under management, will develop tidal power projects in Scotland worth 650MW of capacity. Equitix will get at least 25% of each Atlantis project under the agreement. Atlantis expects to invest almost £500 […]

Atlantis to test 1.5MW tidal turbine

A tidal turbine with a capacity of 1.5MW will be tested as part of a six-week project in England. Tidal energy firm Atlantis Resources said the tests of the AR1500 will take place at the National Renewable Energy Centre in Blyth. It will work alongside Offshore Renewable Energy (ORE) Catapult researchers. The €1.3 million (£1.23m) Eurostars project will use […]