Tidal Turbines Could Power Half of Scotland

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Feb. 27 (Bloomberg) -- Timothy James Cornelius, Chief Executive Officer at Atlantis Resources, discusses the company’s IPO and prospects of supplying energy throughout Scotland. He speaks on Bloomberg Television’s “The Pulse.” (Source: Bloomberg)

There is more good news.

It is also in the mix as well.

The c.e.o. joins us.

Great news.

The european commission has elected to award a grant to the company this week.

Yesterday the minister in scotland announced a further investment.


In to tality, you have how much money and how are you going to invest it?

As of last week, with we pulled together 20 million in sterling in funding.

We will commence construction on the largest tidal project.

The potential for that is?

The potential is recently reported as capable of supplying half of scotland's energy requirements.

That is a base load.

This is consistent.

It is very consistent.

It is what we call firm.

It is very prirktable.

-- predictable.

We are almost 100% predictable.

Out of curiosity, this money, a from scotland and b, more importantly from the e.u., this is a long project.

What happens to that money?

It is certainly safe.

Regardless if there is a decision on independence.

Just give us a sense of the timeline.

How long does it take?

? you started construction.

How long does it take to get it built and put into place?

We'll start construction next month.

Throughout the rest of next year, we'll be in position to complete the onshore works and then we'll have our first turbines underwater, like windmills.

We'll continue that buildout up until 2018. we'll get 400 megawatts or 2,000 homes with power installed.

We have projects around the world.

We'll be moving to china, india, canada and potentially france now as well.

In terms of the ability, once the ball starts rolling, you start getting money in.

The scale of the company is you can keep going back to the market for more money.

It is a very exciting period for us now.

Obviously the market is validated.

If you have good projects, there is an investor interest.

We can tap the market every time we have a new project which makes good sense.

We expect to see that over and over again over the next five to 10 years.

Thank you for joining us.

We are going to take a break.

What have we got for you?

Well, the brick is back.

We'll speak with lego's c.e.o. from denmark.

And tensions are rising in the

This text has been automatically generated. It may not be 100% accurate.


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