Aug. 18 (Bloomberg) -- ABB Ltd., the world’s biggest maker of power grids, received a contract from Atlantis Resources Ltd. to install the onshore grid connection for the first phase of its tidal energy project in Scotland. No terms were given.
ABB will install the power conversion and grid connection systems for the 6-megawatt demonstration phase in Pentland Firth, Scotland, the Zurich-based company said today in a statement. The project will comprise four turbines and is expected to start generating electricity by 2016, it said.
“Forming partnerships with the leading players in the energy sector is key to delivering commercial-scale tidal power projects that allow us to harness the untapped potential of global tidal resources,” Tim Cornelius, chief executive officer of Atlantis, said in the statement.
There are currently no commercial-scale marine energy projects operating anywhere in the world as developers continue to test and scale up prototype machines. The researcher Bloomberg New Energy Finance last week said developing wave and tidal technologies is costing more and taking longer than expected. It expects about 148 megawatts of tidal power to be installed by 2020, 11 percent lower than its original forecast.
The initial phase of the MeyGen project may eventually reach a capacity of 86 megawatts. That would be enough to power about 42,000 homes, according to the statement. Within the next 10 years, MeyGen may reach as much as 398 megawatts, it said.
To contact the reporter on this story: Louise Downing in London at firstname.lastname@example.org
To contact the editors responsible for this story: Reed Landberg at email@example.com Randall Hackley, Indranil Ghosh