Scotrenewables Tidal Power secures new funding to deliver world’s largest tidal turbine.
Orkney based Scotrenewables Tidal Power Ltd (SRTP) is pleased to announce it has been successful in securing a further £5.7m from investors to allow it to demonstrate the world’s largest tidal turbine. The company, which is at the forefront of the floating tidal turbine sector, 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 programme through the next operational phase.
Commenting on the announcement the Scottish Minister for Business, Energy and Tourism, Fergus Ewing said: “I am delighted to be supporting Orcadian firm Scotrenewables. The £2.65m investment from our Renewable Energy Investment Fund is part of a £5.7m funding round, which will allow this dynamic company to complete construction of the world’s largest tidal turbine –– and to launch it at the European Marine Energy Centre in Orkney next year”. Continuing he said: “Scotland is a world leader in marine energy technologies and is committed to supporting ambitious projects like these that help us capitalise on our green energy potential.”
And added: “I was pleased to see that the company has attracted a brand new investor and I know that DP Energy will bring valuable skills and expertise to the project.”
Andrew Smith, Head of REIF, which is administered by Scottish Enterprise, said: “We believe Scotrenewables has a significant role to play in securing a leading place for Scotland in the world market for ocean energy, and it’s great to see the company making such positive progress towards the development of its SR2000 device.”
Andrew Scott, the Company’s recently appointed CEO, said: “This new investment is great news for the SR2000 programme 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.”
Scotrenewables Tidal Power award fabrication contract to Gray Fabrication for world’s largest tidal turbine
Scotrenewables Tidal Power, the world leader in the development of floating tidal turbines based in Orkney (in Scotland), have awarded a key fabrication contract for the superstructure of the SR2000 tidal turbine to Gray Fabrication based in Cupar, Fife.
The 2MW turbine, the SR2000, will be the culmination of more than 12 years of research, design and testing at increasing scales at Scotrenewables’ headquarters in Stromness, Orkney. Once launched next year the turbine will be the most powerful tidal turbine in the world to date. The turbine will be demonstrated at the European Marine Energy Centre in Orkney from 2015 ahead of sale of units to tidal array developers.
The 64m floating hull being fabricated by Gray’s will form the structural backbone of the SR2000. The floating turbine is designed specifically to minimise installation and maintenance costs featuring a radically different design from seabed tidal turbine competitors, with a floating hull incorporating 2 x 1MW rotors mounted on retractable legs. This allows the draught of the turbine to be reduced for towing in and out of shallow harbours, with all marine operations involved being carried out by small low-cost vessels. The hull sections will also house the turbine’s electrical and control equipment, allowing direct access to the turbine for maintenance while at sea, another core design approach of Scotrenewables aimed at keeping maintenance costs to a minimum.
The hull sections will be constructed at the company’s fabrication facility in Cupar ahead of delivery to a Scottish fabrication yard for final assembly later this year.
Mark Hamilton, Managing Director of Scotrenewables said:
“We are delighted to award this contract to Gray Fabrication. The SR2000 turbine is of major importance to the company and represents the full-scale version of our technology. Gray Fabrication were selected as our preferred fabricator for this key contract after an extensive tendering process with fabricators across the UK. We are delighted to award the contract to a fabricator within Scotland, and Gray Fabrication are a shining example of the strength and quality of the Scottish manufacturing sector. We look forward to working with them as our project and the wider marine renewables industry continues to develop.
Jonathan Meason, CTO of Scotrenewables said:
“The turbine will have to survive the challenging wave and tidal conditions of the north Atlantic, which is why we have chosen Gray’s, whose combination of 25 years of fabrication experience and extremely high professional standards, gives us the confidence we need.”
“Gray Fabrication Ltd. said : “We are delighted to be awarded this contract and to be involved in the construction of this innovative and impressive structure.
This order represents a significant workload for Gray Fabrication over the next few months and further reinforces our involvement in the developing renewable energy market. Many of our core skills, which were originally developed in the offshore, oil and gas industry, are equally relevant to offshore renewable energy and are ideally suited to this type of contract. Scotrenewables have worked tirelessly to get this project to its current stage of development, we wish them every success and we look forward to working closely with them to achieve a positive outcome.”
Award of further contracts for the turbine construction to Scottish fabricators and suppliers will be announced in the coming weeks.