Atlantis — a global leader in the tidal-power sector with commercial and project development teams based in Edinburgh, an operations base located at Nigg Energy Park in Invergordon (and a turbine and engineering services division in Bristol) — is in negotiation with the Duchy of Lancaster to become its preferred developer for the proposed Wyre Valley tidal barrage and flood protection project.
Atlantis and the Duchy will now enter into a period of negotiation to reach agreement regarding an option for a long-term lease for the proposed site to permit the development of a tidal-power scheme with a proposed installed
capacity of 160MW on the Duchy estate between Fleetwood and Knott End.
It is currently predicted that the tidal barrage will be capable of producing almost 300GWhr “of sustainable energy” each year, coupled with flood protection capabilities.
It is expected that the process of obtaining all necessary consents to begin development will take about three years, but this option agreement would give the necessary rights and access for most of the required land.
Atlantis chief executive Tim Cornelius said: “The Wyre Valley tidal barrage and flood protection project represents a hugely exciting opportunity to showcase the UK’s world-leading commercial tidal energy potential (
www.atlantisresourcesltd.com).
“This will be a major project for our Atlantis Energy division as we continue our diversification strategy and we look forward to working with the Duchy of Lancaster, our partners, investors and supply chain to bring the project to fruition.”