Atlantis Resources Limited AR1500 Turbine Deployed in Record Time at MeyGen
February 20 2017 - 2:01AM
RNS Non-Regulatory
TIDMARL
Atlantis Resources Limited
20 February 2017
20 February 2017
Atlantis Resources Limited
("Atlantis" or the "Company")
MeyGen Update - AR1500 Turbine Deployed in Record Time
Atlantis, a global leader in the tidal power sector, is
delighted to announce that the first AR1500 tidal stream turbine
has been deployed and energised at the MeyGen project site in the
Pentland Firth, Scotland. The Atlantis AR1500 tidal stream turbine
was successfully deployed in less than 60 minutes following earlier
connection of its proprietary wet mate connection management
system, which allows for rapid deployment and retrieval of the
tidal stream turbine. This follows the announcement in November
2016 that first power had been delivered to the grid from the first
of the three Andritz Hydro Hammerfest tidal stream turbines.
The AR1500 is the fourth turbine that has been deployed offshore
and connected to the grid onshore at a control building at Ness of
Quoys in Caithness. This building has been grid connected since
June 2016 and it is at this location that the power from the
project is converted and combined to form a 6MW grid compliant
tidal stream power station which directly supplies energy to the
local electricity distribution network in Caithness.
This is the first phase of the MeyGen project which has a total
planned build out of almost 400MW. Construction for the next 6MW
phase is due to commence later this year.
The AR1500 turbine system was designed under contract by
Lockheed Martin Corporation, tested and commissioned at the
Offshore Renewable Energy (ORE) Catapult's facility in Blyth and
finally loaded out from the project's operations and maintenance
base at Nigg Energy Park in Scotland.
The turbine and cable installation works were carried out by
James Fisher Marine Services Limited and followed the installation
by GeoSea NV of the four foundation structures.
Atlantis is the indirect majority owner of the MeyGen project
through its 92% shareholding in Tidal Power Scotland Limited, which
owns 83.5% of MeyGen Limited alongside Scottish Enterprise (16.5%).
Phase 1A of the MeyGen project was funded through a combination of
debt, equity and grants from Atlantis, Scottish Enterprise,
Highlands and Islands Enterprise, The Crown Estate and the former
Department for Energy and Climate Change.
Enquiries:
Atlantis Resources via FTI Consulting
Tim Cornelius, Chief Executive
Officer
Simon Counsell, Chief Financial
Officer
+44 (0)20 3727
FTI Consulting 1000
Ben Brewerton
Alex Beagley
James Styles
This information is provided by RNS
The company news service from the London Stock Exchange
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