Atlantis Resources, the AIM-listed vertically integrated turbine supplier and project-owner in the tidal power industry, and JSC Lenhydroproject, a 100%-owned subsidiary of RusHydro, have signed a Memorandum of Understanding about cooperation on prospective tidal power projects in Australia.
Under the Memorandum, the parties will identify prospective tidal power projects in Western Australia for construction using tidal range orthogonal turbines – a unique innovative development of RusHydro, and will undertake a feasibility study for these projects. According to the Australian Government’s Geosciences Department, Western Australia has locations off its coast where the average tidal (kinetic) power in water-depths less than or equal to 50m exceeds 6.1 kilowatts per square metre (kW/m2), enough to power up to six Australian homes for every square metre of resource harnessed, considerably higher than in many other tidal projects.
The parties have already started water and energy calculations on one of the prospective projects to identify capacity and annual output. During 2014, an application for funding for the project will be submitted by Atlantis to Clean Energy Finance Corporation in Australia (CEFC).
