SIMEC Atlantis registers MeyGen tidal stream project for CfDs, considers private wire PPAs

SIMEC Atlantis Energy Limited has announced an operational update for MeyGen, its multi-megawatt tidal stream array.

MeyGen has now exported 17.5 GWh of electricity to the national grid, eclipsing the previous record of approximately 11 GW. In 2019 alone, MeyGen has exported over 7 GWh of predictable renewable energy to the grid, equivalent to the average annual electricity consumption of over 2,200 typical UK home.

Phase 1A of MeyGen operates with 5 ROCs and has generated GBP1.85 million (US$2.3 million) of revenue to date this calendar year. 

MeyGen has been successfully registered for the 2019 CfD program and management is assessing bidding strategies.

Management is also exploring options to establish private wire PPAs with local industrial loads to facilitate the build-out of the array, which has a seabed lease for a total installed capacity of up to 398 MW.