One of Scotland’s stunning North Atlantic beaches located in the northwest Scottish Highlands.
CREDIT: shutterstock

The world’s largest tidal energy project, capable of powering nearly 175,000 homes in the U.K. with 400 megawatts of power, will break ground next month in northeast Scotland. Atlantis, majority owner of the MeyGen project, announced that its flagship project had met all the conditions required to start drawing down finance through the U.K.’s Renewable Energy Investment Fund.

The completed project will have 269 sunken turbines, according to Atlantis, which expects to have about 60 of these installed and delivering power by 2020.

In the announcement to investors, Atlantis said: “The major construction and supply contractors to this iconic project have commenced design, engineering and procurement works in readiness for commencement of onshore construction at the project site in Caithness in January 2015.”

Tim Cornelius, Chief Executive Officer of Atlantis, said that Lockheed Martin’s project-specific 1.5 megawatt turbines were scheduled to be delivered on time for construction […]