OpenHydro to Build $833 Million Tidal-Power Plant in Alderney
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OpenHydro Group Ltd., majority owned by French engineering company DCNS SA, agreed to work with Alderney Renewable Energy Ltd. to develop a 600 million-euro ($833 million) tidal-power plant.
The Race Tidal Ltd. venture will have a capacity of about 300 megawatts and is expected to comprise 150 turbines off the coast of Alderney in the Channel Islands, Dublin-based OpenHydro said today in an e-mailed statement. The project is due to be complete in 2020, when it will produce enough power for more than 150,000 homes