Business
MeyGen Operation & Production Update
MeyGen Operation & Production Update.
About this update from Ampeak Energy Limited
[{"type":"text","content":"\n \nRNS Number : 8777T Atlantis Resources Limited 18 October 2017 \n\n \n18 October 2017\nAtlantis Resources Limited\n(\"Atlantis\" or the \"Company\")\n \nMeyGen Operation & Production Update\n \nAtlantis, a global leader in the marine power generation sector, provides an operational update for Phase 1A of the MeyGen project in the Pentland Firth. Total production has now surpassed 2.6GWh with over 800MWh of predictable energy dispatched to grid during the month of September. \n \nThe Atlantis supplied 1.5MW AR1500 turbine has been successfully reinstalled over the weekend and has commenced its commissioning procedures. With the reinstallation of the fourth and final turbine, MeyGen Phase 1A will now be capable of operating at its full 6 MW capacity generating full ROC and power revenues.\n \nThe offshore works were successfully, safely and efficiently executed by the Atlantis offshore operations team using the Olympic Challenger. \n \nWith this latest achievement, all four Phase 1A turbines now have been successfully reconnected to the grid. Following final completion testing, MeyGen Phase 1A is expected to formally complete its construction phase and enter into its 25-year operational phase within the coming weeks.\n \nFurther detail is included in a new corporate video which can be found here: https://www.atlantisresourcesltd.com/services/\n \nTim Cornelius, CEO of Atlantis Resources, said:\n \n\"The success of MeyGen, the world's largest tidal stream project, firmly positions the UK as the leader of an industry which could provide sufficient affordable, secure, predictable and clean power to meet 20% of the UK's future electricity need. We have asked the Government to enter into a bilateral negotiation for 80 MW of capacity to allow us to proceed with the construction of Phase 1C of the MeyGen project without further delay. Tidal stream power costs are reducing all the time with a strong trajectory towards achieving parity with established renewables such as offshore wind.\n \n\"The industrial opportunities of tidal power for the UK are substantial, but without renewed Government support for tidal stream power, the UK is likely to lose jobs and investment overseas. Now is the time for the current government to act to ensure that the economic bene...