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OpenHydro Sees Big Future In Channel Islands Tidal Power

24th May 2014
OpenHydro Sees Big Future In Channel Islands Tidal Power

#OpenHydro - The Irish Times has a report on OpenHydro's new €600 million deal with a Channel Islands company that's set to establish one of Europe's biggest renewable energy schemes.

Dublin-based hydro-power firm OpenHydro - which earlier this year gave a controlling stake to French naval defence giant DCNS for a €130 million investment - has teamed up with Alderney Renewable Energy to set up a new company called Race Tidal that aims to generate 300MW of power for export to Britain and France.

The project would take advantage of the strong tidal waters off Alderney, the northernmost of the Channel Islands, which OpenHydro CFO Peter Corcoran says have a potential capacity of 3GW.

The long-term project requires obtaining all necessary permits, expected to take four years, followed by two more years of construction and installation of OpenHydro's turbines.

The Irish Times has more on the story HERE.

Published in Power From the Sea
MacDara Conroy

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MacDara Conroy

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MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

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