Milestone for MeyGen
Supermoon rises as tidal project produces first power
The world’s largest planned tidal stream energy project will have the potential to provide clean, sustainable, predictable power for 175,000 homes in Scotland, support more than 100 jobs, reduce carbon emissions, and deliver significant, long-term supply chain benefits for UK economy.
The £51 million first phase has been 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.
Chief executive Tim Cornelius (pictured) said: “This is the moment we have been working towards since we first identified the MeyGen site back in 2007.
“I am immensely proud of and grateful for the remarkable team of people who have contributed to this milestone – our suppliers, our funders, our supportive shareholders, and of course the project team, whose commitment, tenacity and belief have been without equal.
“I look forward to bringing more news of the project development over the coming weeks and months as we move into the full operational phase.
“It’s especially exciting to be making this announcement on the morning after the first ‘super moon’ in 68 years.
“Last night, those of us with clear skies were able to get a good view of the powerhouse behind tidal energy, and be reminded that even in times like these there are still predictions we can rely on.
“The success of this first phase is a foundation for the tidal industry to build upon to ensure we develop a new energy sector which can deliver clean, predictable and affordable power from the UK’s own abundant resources.
“When it comes to energy, we think consumers should be asking for the moon, and we know how to harness it.”