Summaries - Australian Financial Review
Wednesday 26/11/2008 Page: 16
Before the advent of the financial crisis taking precedence, the issue of climate change was in the spotlight with Australia signing the Kyoto Protocol, green issues officially in vogue, carbon trading on its way to being established and alternative energy gaining popularity. However Atlantis Resource Corporation's Timothy Cornelius says the last six to 12 weeks has seen an 'unprecedented level of inquiry in our business.' The tidal energy specialist has two sub-sea turbines, the Nereus shallow water/river turbine, and the Solon AG deep water turbine.
The company already has a 150 kilowatt Nereus connected to the electricity grid at its Victorian San Remo site, and intends to install, early next year, two 500kW Solon AG turbines. According to Cornelius, in part it is to repay the faith which was shown by the Parks Victoria and the Victorian Department of Sustainability and Environment. Presently, Atlantis' most ambitious project is a 150 megawatt installation on Pentland Firth, which separates the Scottish mainland from the Orkney Isles. The project is to power a Morgan Stanley data centre.
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