Construction of the world’s largest tidal energy array is ready to begin offshore Scotland. Atlantis Resources Ltd., the project’s developer, said it raised the £51 million ($85 million) it needs to launch the first phase this year.
The 398-megawatt MeyGen project will put Scotland and the U.K. “on the map as a global leader in marine technology,” U.K. Energy Secretary Ed Davey said in a statement. The U.K.’s Department of Energy and Climate Change put up about $17 million for the project, with the rest of the public-sector funding coming from Scottish Enterprise, Highlands and Islands Enterprise, and the Crown Estate, Atlantis Resources said.
The developers said the MeyGen project will anchor as many as 269 squat, three-bladed turbines in the seabed of the Pentland Firth’s Inner Sound, the stretch of water that separates the Scottish mainland from Stroma Island. When completed, it will generate enough electricity to power 175,000 Scottish homes.