Climate Changed
Tidal Turbine Maker Bids to Turn U.K. Into a Green Saudi Arabia
- Atlantis Resources in first competition for power sales deal
- Company planning 100 million-pound factory for making turbines
The AK- 1000 tidal energy turbine.
Photographer: Jeff J Mitchell/Getty ImagesThis article is for subscribers only.
A British developer is bidding to build power turbines under the sea in Scotland in a contest for government contracts that starts Monday, aiming to prove for the first time that its technology is commercially viable.
Atlantis Resources Ltd. is among the companies vying for 290 million pounds ($363 million) of electricity-generation contracts the U.K. government is auctioning off. Winners will be notified between June and September and will get a firm price for the power they sell under a program meant to stimulate cleaner forms of energy.