Atlantis, the tidal power developer behind Scotland’s Meygen project, has announced it has launched a partnership with Hyundai to launch a global expansion.
South Korean firm Hyundai Engineering and Construction will help Atlantis develop the tidal stream market in South Korea as well as the rest of the world. The South Korean project involves the design and development of a 100MW tidal stream project. Other areas earmarked for projects include Indonesia and the Philippines.
The duo also aim to work on a cost-effective design for tidal stream and offshore wind turbine foundations and look at the possibility of constructing projects on a partnership basis.
Atlantis chief executive Tim Cornelius said: “Hyundai is seeking to expand into the construction of offshore energy projects in South East Asia and abroad, while Atlantis requires construction partners to build out our portfolio of tidal power projects in South East Asia. We want to leverage Hyundai’s expertise to accelerate existing projects and to secure additional capacity both in the region and globally.”