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

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

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.

List of the country updates

Country updates

  • August 13, 2019

    Ørsted starts public consultation of Hornsea 4 project

    Ørsted has started the public consultation for the planned Hornsea 4 offshore wind farm located off the coast of Yorkshire in the UK. The developer has invited the local residents to give...

    Read more
  • August 13, 2019

    Construction contract for 1.36 GW offshore wind project in UK

    Subsea 7 S.A. has been awarded a contract for the installation of the entire inner array grid cable system of the 1,386 MW Hornsea Two offshore wind farm project developed by Optimus Wind Lt...

    Read more
  • August 13, 2019

    BayWa secures technical and management contract for three UK wind projects

    BayWa r.e. has secured the technical and commercial asset management of three UK windfarms with a total capacity of 102 MW on behalf of global asset manager MEAG. BayWa AG will undertake the manageme...

    Read more
  • August 12, 2019

    Aberdeen Standard Investments funds 27 MW Whiteside Hill wind project in Scotland

    Aberdeen Standard Investments Infrastructure Debt Team has provided over GBP63 million (US$75.8 million) of long-term debt to finance the operational Whiteside Hill Wind Farm in south-west Scotland....

    Read more
  • August 12, 2019

    Danske Commodities signs PPA for 126 MW of Sheringham Shoal Offshore Wind Farm in UK

    Danish energy trading company Danske Commodities has announced that it has signed a 15-year Power Purchase Agreement (PPA) with UK wind farm Sheringham Shoal. Danske Commodities will take over balanc...

    Read more

Share this update