The company behind the MeyGen tidal power scheme has confirmed its investment decision to go ahead with the next phase of development.
The phase is called Project Stroma (MeyGen Phase 1B) and the final investment decision was made by Stroma Tidal Power Limited (STPL), a subsidiary of tidal energy developer Atlantis.
A tender process has been completed for the construction contracts, although the successful bidders have not been revealed.
For the previous phase 1A, delivery of the power conversion centre at the Ness of Quoys is delivered by ABB, with civils works subcontracted to John Gunn & Son. O’Connor Utilities is designing and drilling the four horizontal directionally drilled (HDD) bores, which will bring the turbine seabed cables to the site. SHEPD is providing a 33kV underground distribution network connection.
This stage of the project will use drilled foundation structures rather than the material intensive gravity foundations used in MeyGen Phase 1A.
“The lessons we have learned from phase 1A and the confidence it has given to both us and our supply chain allow us to deliver significant improvements and refinements in this next phase. We believe these improvements will yield more electricity for each pound of investment and represent a material step down our cost reduction curve,” said Atlantis chief executive Tim Cornelius.
The NER300 fund, a financing structure run by the European Commission, European Investment Bank and Member States, has awarded a £14M grant to Project Stroma.