UK Group Wants to Expand Largest Tidal Energy Project
The post UK Group Wants to Expand Largest Tidal Energy Project appeared first on POWER Magazine.
A UK-based energy company said it is talking with government officials about securing financial support for an expansion of the world’s largest tidal energy project.
SIMEC Atlantis Energy (SAE) on April 7 said it wants to move forward with a further rollout of “tidal stream technology” at the company’s MeyGen project in the Pentland Firth, a strait off the northern coast of Scotland considered to have some of the UK’s fastest-flowing waters. SAE, headquartered in Edinburgh, in an operational update of the project published Wednesday said it expects that an expansion of the existing installation “will unlock significant international opportunity for further projects and continue the reduction in the levelized cost of energy from tidal generation towards that of more established forms of renewable generation.”
The MeyGen project was profiled in the September 2018 issue of POWER.
SAE officials said the British government has indicated it will announce support mechanisms for MeyGen this summer, including an auction round for investment prior to the end of the year.…