A tidal power scheme in the Inner Sound of Scotland's Pentland Firth has generated electricity for the first time.
A single turbine in Atlantis Resources' MeyGen project off the Caithness coast has been exporting electricity.
The device is the first of four 1.5MW tidal stream turbines that are to be installed in the Inner Sound.
Atlantis hopes to expand the project to have dozens of turbines generating about 400MW of electricity...|
|Well done Atlantis. Good luck all shareholders.|
|"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."
|Atlantis Resources Limited
("Atlantis" or the "Company")
MeyGen Update - First Power Generation
Atlantis, a global leader in the tidal power sector, is delighted to announce that first power has been produced from the MeyGen project site in the Pentland Firth, Scotland.
The turbine, supplied by Andritz Hydro Hammerfest ("AHH"), was successfully installed last week and plugged into the pre-laid cable which connects back to the onshore control centre and grid export point, which has already been commissioned and energised.
Both the turbine and cable installation works were completed by James Fisher Marine Services Limited, using the Olympic Ares. The turbine installation followed a successful offshore campaign in October during which GeoSea NV installed all four foundation structures using its jack-up vessel, the Neptune.
Over the past few days, AHH has been working to establish communications with the turbine and verify that the on-board safety and monitoring systems are operational. Now, working with ABB Limited as the suppliers of the onshore frequency converters, the AHH team has begun the process of powering up the turbine to tune the control system for optimised generation. During this programme, the project is exporting electricity for the first time, using only the tidally driven water flows which rush through the Inner Sound of the Pentland Firth. This follows an extensive onshore turbine testing and commissioning regime prior to final deployment.
This turbine is the first of four 1.5MW tidal stream turbines to become operational at the site for the first 6MW phase of a total build out of almost 400MW. Construction for the next 6MW phase, which benefits from a EUR17 million grant from the EC's NER300 fund, is due to commence next year.
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%). The first phase of the MeyGen project 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.
Atlantis CEO Tim Cornelius said:
"This is the moment we have been working towards since we first identified the MeyGen site back in 2007, and 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."
Atlantis looks forward to updating the market again in December on project progress.|
|That's how it reads to me bamboo|
|Anyone able to make comment about the rns yesterday?
"the removal of the previously pledged ring-fenced allocation is disappointing"
Does this mean that Tidal energy has to compete with wind and other forms of green energy at the same level?|
|Seems that James Fisher is using Olympic Ares for installing the turbines starting today. JF are intalling three of the four, with the fourth by Geosea.|
|Multi Purpose Offshore Vessel 'Olympic Ares' docked at Nigg recently. I know it's a busy port, but speculate it could be the type of vessel that might be used to instal our turbines.|
|Ex, I see the end of day close on Friday above the neckline of the INVH&S as making a valid continuation pattern. Target approx 82. Bulkowski describes it here, mainly as a reversal pattern,
|Only an educated guess that lower volume on the right shoulder indicates reducing selling pressure (sellers drying up)|
That's the first time I've heard that description/terminology. What does it suggest to you , please ? All usual caveats and disclaimers , of course !
|Confirmed Inverse Head and Shoulders on the chart.|
|Thanks for the links. Looking to dip my toes here.|
Try this post on the Motley Fool a couple of years ago
|Pete, I have no info on figures other than that on co website. There may be others that have a bit more.
Neptune and Olympic Orion now both moored at Nigg. There was previous mention of the Aker Wayfarer being used for installation of Turbines. I guess that this was/is being used by the James Fisher installation team. Aker Wayfarer currently in Norway.|
|New to this company but very interested in wave power. Not a big fan of wind. I have been trying to find information on future revenues for the Pentland Project and how long to pay down the installation costs. Any links / info would be much appreciated.
Crossed over to South Ron from JOG years ago and thought then that this would be an ideal place for Tidal Power. Just a shame I didn't keep an eye on developments.|
|Hi PJ, bit short of time right now, will review chart target later.
edit added, 23:19 My initial target remains at 85. An eod close above 85 targets 89
Longer term there is a Cup and Handle pattern that reaches a minimum 114. Sorry the chart pattern targets aren't a little more exciting! I guess while it's true to say it's powered by the moon, it's not going there!|
|Do you have a price target here bamboo? I have what I call a 'review' price of 100p, but depending on the situation, assuming that target is hit, I will consider adding with a medium term view FWIW|
|Good to have confirmation. Marine Traffic latest...
Olympic Orion is docked at Nigg, Neptune is currently headed there. Guess they are going to be loading turbines. I think Geosea [Neptune operator] is installing the Atlantis turbine, while James Fisher the other three Andritz turbines.|
|26 October 2016
Atlantis Resources Limited
("Atlantis" or the "Company")
Atlantis, a global leader in the tidal power sector, is pleased to provide a further update on the offshore construction programme at the MeyGen project site in the Pentland Firth, Scotland.
As announced on 7 October, the first of four Turbine Support Structures ("TSS") was installed using the Neptune jack up vessel owned by Geosea. All four foundations have now been successfully installed using the Neptune jack-up vessel which has been demobilised from the project site.
This offshore operation was a resounding success and importantly has validated the use of jack up vessels for the purpose of installing tidal turbine foundations offshore in high flow locations. The use of a jack-up rig for the installations is significant for the future of the industry offering a flexible and fast installation solution.
The project remains on track to have all turbines installed and connected to the grid in time for first power delivery from the world's largest tidal power project by the end of the year.|
|Wonder if of any interest to ARL?http://www.begbies-traynorgroup.com/news/administration/buyer-sought-as-tidal-energy-company-goes-into-administration|
|lux, step and others, Thanks for the info.
Done some more research, in order to better understand the installation. It is a three stage process, foundation, then turbine fitting and electrical connection, then nacelle and rotors. There are two different teams installing, Geosea and James Fisher.
Olympic Orion looks like it is bound for Nigg this evening. [maybe for more hardware?] Fascinating to follow this story in between times!|
|They are continuing to state first power before the end of the year. They must be pretty confident. (cue RNS saying "Easter"!!!)|
|Yes, not much point commissioning a 4th turbine underwater unless the 1st turbine was about to be connected.
In theory, the underwater connection tunnels are in place, the cables are there, with an active high voltage line taking the feed directly to the grid. I'd like to be cautiously optimistic that at least 1-2 will be connected by the end of November. You see wind turbines connected in much the same way over a period of less than a week.|