The construction of a major tidal energy project in the Pentland Firth is set to begin later this year.Atlantis Resources MeyGen scheme planned for the firths Inner Sound has secured £50m in funding.More than £20m will come from the Scottish government and Highlands and Islands Enterprise HIE. The UK government has given grants worth £10m.Atlantis said the completed scheme would have up to 269 turbines submerged on the seabed.The Crown Estate, which manages the UK seabed, has also invested £10m in the project, which would generate enough energy for 175,000 homes.
A graphic showing turbines on the seabed
The first phase will involve installing four turbines over the next two years.
By 2020, 61 turbines could be installed and producing enough power for about 42,000 homes.
Tim Cornelius, the project’s director, said: “MeyGen is one of the most exciting and innovative renewable energy developments in the world, marking the long-awaited arrival of tidal stream generation as a serious, large-scale player in global energy markets.
“I am proud that Atlantis will become the first company to successfully develop a project of this kind, at this size, making Atlantis the first independent power producer from a tidal array.”