MeyGen, a joint venture consisting of International Power Plc (45%), Morgan Stanley (45%) and Atlantis Resources Corporation (10%), has entered into an ‘Agreement for Lease’ to develop the tidal power site and take up a 25-year operational lease.
Construction is planned to be phased across the period between receiving planning consent and 2020.
The first phase will see a limited tidal power array being set up to asses environmental impacts. The demonstration phase will include tidal power devices from Atlantis, and an additional 10 MW of capacity will be offered to TGL Rolls-Royce.
The tidal power site covers an area of 3.3 km2 between the Island of Stroma and the mainland of Caithness in Northern Scotland.
When completed, the site could have up to 400 tidal turbines submerged into the water.