Orkney based Scotrenewables Tidal Power (SRTP) has secured a further £5.7 million from investors to allow it to demonstrate the world’s largest tidal turbine.
The company is currently nearing the completion of the build of its SR2000 (2MW) system in the Harland & Wolff shipyard in Belfast; the first large scale machine the company has built.
The machine is due to be launched early next year before being towed to the European Marine Energy Centre in Orkney to commence grid connected testing.
The company’s existing shareholders (ABB, Scottish Government’s Renewable Energy Investment Fund/REIF, Total New Energies, Bonheur ASA & Ganger Rolf ASA) were joined by new shareholders DP Energy, Harland & Wolff and Scotmarine to provide the investment to take the SR2000 program through the next operational phase.
Andrew Scott, the company’s recently appointed CEO, said: “This new investment is great news for the SR2000 program and the team at SRTP who have put such a tremendous amount of work into this exciting technology. We look forward to getting this unit in the water next year and demonstrating the step-change advantages we are confident that our floating approach to tidal energy can offer the commercial sector.”
Image: The SR2000 at Harland & Wolff in Belfast