Abundance Investment, the UK’s leading peer-to-peer ethical investment company, announced last week that it has closed its largest fund-raise to date, securing £7 million for Scottish tidal energy company Orbital Marine Power for the construction of what will be the world’s most powerful tidal stream turbine.
Scotrenewables Tidal Power’s 2 megawatt (MW) floating tidal stream turbine has set yet another record, posting over 3 gigawatt-hours (GWh) of renewable electricity generation in its first year of testing at the European Marine Energy Centre in Orkney, Scotland — more power than that which was generated by the country’s entire wave and tidal energy sectors in the previous twelve years.
News regarding the world’s largest tidal stream farm, set to be developed in Scotland, has been coming thick and fast lately. Just last week the owner of the development rights for the Pentland Firth project, Atlantis Resources Limited, announced that they had awarded ABB the contract to install tidal power … [continued]
Atlantis Resources Limited, owner of development rights to the Pentland Firth, has awarded Zurich-based ABB the contract to install tidal power conversion and grid connection systems for the four-turbine, 6-megawatt demonstration phase of the MeyGen tidal stream project. ABB is the world’s premier maker of power grids and a well-known multinational engineering company. … [continued]
