Tidal Power
The potential economic significance of the tidal currents in the Pentland Firth is great. It has been described as the "Saudi Arabia of tidal power" and may be capable of accommodating 10 GW of installed generating capacity. This is up to 25% of the estimated total capacity for the European Union.
In October 2008 tidal power developer Atlantis Resources Corporation announced it was considering a site near the Castle of Mey for a computer data centre that would be powered by a tidal scheme in the Firth.
In October 2010 MeyGen, a consortium of Morgan Stanley, Atlantis Resources Corporation and International Power, received operational lease from the Crown Estate to a 400MW project for 25 years.
Read more about this topic: Pentland Firth
Famous quotes containing the words tidal and/or power:
“And now it is once more the tidal wave
That when it was swept by, leaves summits stained.
Oh, blood will out. It cannot be contained.”
—Robert Frost (1874–1963)
“Those who have been once intoxicated with power, and have derived any kind of emolument from it, even though but for one year, never can willingly abandon it. They may be distressed in the midst of all their power; but they will never look to anything but power for their relief.”
—Edmund Burke (1729–1797)