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Atlantis joins forces with Natural Energy Wyre
Atlantis joins forces with Natural Energy Wyre.
About this update from Ampeak Energy Limited
[{"type":"text","content":"\n \nRNS Number : 5469W Atlantis Resources Limited 10 February 2017 \n\n10 February 2017\n \nAtlantis Resources Limited\n(\"Atlantis\" or the \"Company\")\n \nAtlantis Energy joins forces with Natural Energy Wyre\nto develop the Wyre tidal energy project\n \nAtlantis Resources, a global leader in the development of marine renewables, is pleased to announce an agreement to partner with Natural Energy Wire (\"NEW\") to develop the Wyre tidal project planned to be built between Fleetwood and Knott's End on the Lancashire coast in England.\nThe UK Government's recent review of the potential for tidal lagoon power led by Charles Hendry, former Minister for Energy, concluded that proceeding with a \"pathfinder\" project as well as other smaller projects would be consistent with the development of the potentially important resource of tidal power around the shores of the UK. The Wyre project, which has been under development for several years, is consistent with this objective, comprising of a 160 MW tidal power plant capable of producing up to 400GWh of completely carbon free power each year, coupled with flood protection. The Wyre project is unique in that it mimics actual tidal cycles, which should translate into minimal environmental disruption.\nAtlantis recently announced the launch of a new division, Atlantis Energy, focused on the development of non-tidal stream power projects. This partnership with NEW has been entered into with this new division and builds on the recently announced partnership with French floating offshore wind foundation developer, Ideol, to develop a large-scale demonstration project in the UK. \nThe origination of the Wyre project has been spearheaded by Bob Long, Managing Director of NEW, and the design of the project has been a collaboration of leading energy sector companies including Mott Macdonald, BAM Nuttall, Arcadis and Andritz Hydro. \nBob Long, Managing Director of NEW, said:\n\"I am delighted by the involvement of Atlantis in this important project. They have a proven track record of tidal development and an excellent team which can now move this project forward with real pace. I am passionate about the Wyre project and am committed to seeing it delivered for the greater economic good of the region. This is not just a low cost renewable energy project. This is a project that...