Australian
Monday 7/12/2009 Page: 30
MARINE energy company Atlantis Resources has deferred plans to build a tidal power energy system at Koolan Islandand in Western Australia, preferring a site in Scotland, where government incentives are greater.
Atlantis Resources, an Australian company that has moved its technological development centre to Singapore and its corporate headquarters to London, is to install its 1MW AK1000 turbine, which stand the height of a five-storey building, at the European Marine Energy Centre, which is being established as a showcase and nursery for marine energy.
Chief executive Tim Cornelius said Scotland was the most lucrative market for marine energy developers and the best place to prove the technology. "More European utilities are investing in the marine power space," says Cornelius, whose company is backed by Norway's Statkraft and Morgan Stanley. "We have to follow where the funding comes from and with so much uncertainty in Australia it's difficult to build a financial model."
Atlantis Resources is also planning to build a 30MW off grid facility near the Orkneys to power a data centre, and is looking for customers said to include Google. The ultimate goal is to build a 150MW installation. Atlantis Resources signed an agreement last week with the Indian state of Gujarat to conduct a feasibility study for installing up to 80 M W of its technology in the Gulfs of Kutch and Khambhat, both known for their large tidal power flows.
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