Under the memorandum, Lenhydroproject and Atlantis Operations will identify prospective tidal power projects in Western Australia to implement using tidal range orthogonal turbines developed by RusHydro.
JSC Lenhydroproject, wholly-owned by RusHydro, and Atlantis Operations (U.K.) Ltd. have signed a Memorandum of Understanding that will allow them to jointly develop tidal power projects in Australia.
Under the memorandum, Lenhydroproject and Atlantis Operations will identify prospective tidal power projects in Western Australia to implement using tidal range orthogonal turbines developed by RusHydro.
Water and power calculations have already begun; this will identify the capacity and annual output of one of the prospective projects.
During this year, an application for funding for project will be submitted by Atlantis to Clean Energy Finance Corporation in Australia.
“Our cooperation with Atlantis is an important step in promotion of innovative technologies, such as orthogonal turbine, developed by RusHydro, to the international markets,” said Vladimir Pekhtin, general director of Lenhydroproject and deputy chairman of RusHydro’s Management Board.
“World’s interest in tidal energy is increasing every year, as well as the need for advanced technical solutions allowing tidal power to compete in the power market. We have been enhancing and working through a unique orthogonal turbine technology for several years and we are confident that it is ripe for commercial use,” he added.
“This Memorandum of Understanding, signed after our recently announced cooperation with Dongfang of China, is a further test of Atlantis’ leading position on the emerging market of tidal power. In addition to the portfolio of projects, we have launched earlier, we are intended to play active role on the new opening markets with high tidal power potential: China and Western Australia,” said Tim Cornelius, chief executive officer of Atlantis.
Tidal power capacity along the coastline of Western Australia exceeds 6.1 kilowatt per square-meter – substantially higher than in many other tidal power projects implemented worldwide.
Lenhydroproject designs hydropower and water facilities, and provides a full range of design and supervision services for the construction of hydraulic structures in the areas with specific geological and climatic conditions. – EcoSeed Staff
