THE next stage of the MeyGen tidal project in the Pentland Firth is expected to be completed by 2025/26, according to the company behind the development. Simec Atlantis Energy is planning to scale up the pioneering scheme and increase its electricity generation from six to 86 megawatts over the next few years but that will require major investment – estimated to be hundreds of millions of pounds. The company is hoping to get some help from the UK Government under its Contract for Difference (CfD) initiative which would guarantee a fixed price for the electricity produced from the Caithness site. A decision is due in the first half of 2022. If successful in its bid, it would be a huge boost for the project. It would take between 12 and 18 months to bring that phase to financial close and around three years to build the turbines with the electricity generation from the additional turbines starting in 2025/26.
John O’Groat Journal 10th Sept 2021 read more »