29th January 2020

SIMEC Atlantis Energy said that its 6MW tidal energy project MeyGen has exported close to 25 gigawatt hours (GWh) of renewable electricity to the national grid.

MeyGen exported over 13.8GWh of renewable electricity in 2019, according to Atlantis’ operational update, equivalent to the average annual electricity consumption of around 3800 typical UK homes generating a revenue of £3.9 million.

Phase 1A of MeyGen operates with 5 ROCs and had generated total revenues since operations started of £7.1 million as at the end of 2019.

Tim Cornelius, CEO of Atlantis, said: “I am delighted to report that MeyGen has now exported a remarkable 24.7GWh of predictable renewable energy. Not only is this world-renowned project helping the UK meet its Net Zero ambitions, but it is also providing valuable performance data which can be used to inform future projects, demonstrating MeyGen’s importance as a global prototype.”

The AR1500 turbine is due to undergo maintenance and will be transported to land for servicing and upgrade work at the end of this month, with redeployment at MeyGen targeted for the spring. The upgrade should increase the turbines revenue by 4% with no increase in the turbines operating cost.

During 2019, Atlantis announced its intention to develop the next phase of its MeyGen array which will see an additional 80MW of tidal capacity added to the existing project site between the island of Stroma and the mainland. Atlantis intends to design, consent and build the world’s first ocean-powered data centre near the MeyGen site, connected to the tidal array via a private wire. A concept study has been completed with design underway to include a connection to the Celtic Norse subsea fibre optic cable currently in development. Atlantis is exploring connections to other international fibre optic cables as well.

“MeyGen holds a 398MW seabed lease and our data centre expansion project is world leading for a number of reasons. The cost of tidal power continues to reduce and this is being assisted by the sustained pressure the offshore wind market places on the supply chain domestically and abroad,

The world’s most valuable resource is no longer oil but data, and by combining tidal power with stranded onshore wind farms in close proximity to MeyGen, we can create a virtual power plant to provide sustainable power to a data centre in Scotland, creating important new fibre connections for Scotland and the UK in the process,” added Cornelius.

Source – https://marineenergy.biz/

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