Atlantis Resources set to launch new tidal power business in France

 Atlantis Resources set to launch new tidal power business in France
Having successfully established the initial phase United Kingdom's first major tidal power project Atlantis Resources Ltd (LON:ARL) is setting sights across the channel, in the French market. France has Europe's second largest tidal power market, according to Atlantis, and the company is now preparing to get involved. Tim Cornelius, Atlantis chief executive, said: "France is an exciting new market for commercial scale tidal power project development which is set for enormous growth over the next few years. "As a leading developer of tidal power projects, we want to be part of the success of the marine energy industry in France." Atlantis has teamed up with Nantes headquartered marine engineer INNOSEA which is presently advising how the British company can build a plan to enter the supply chain for manufacture, assembly and distribution of the Atlantis AR1500 tidal turbines (as well as the innovative foundations and associated transportation and logistics developed in the installation of the MyGen project, offshore Scotland). Atlantis highlights 'supply chain potential' in a number of French regions namely Brittany, Normandy, Aquitaine, Pays-de-la-Loire, and Hauts-de-France. INNOSEA, which has a directory of more than 350 organisations relevant to marine energy, is currently assessing local partners for civil engineering works, composite, steel or concrete fabrication, turbine assembly, testing and commissioning and component manufacture. Additionally, Atlantis says it has immediate aspirations to develop the first tidal array sites in French waters. "We want to make material progress during 2017 with respect to project identification. From our perspective, deployment of generating assets is possible in one to two years' time," Cornelius said. "The AR1500 turbine system is already producing commercial scale power in Scotland and our project teams are the most experienced in the world. "Atlantis has already commenced working with INNOSEA in the United Kingdom on the delivery of MeyGen Phase 1B, a multi- turbine array to be located adjacent to Phase 1A the in the Inner Sound of the Pentland Firth in northern Scotland." Hakim Mouslim, chief executive of INNOSEA Marine Engineering, added: "Atlantis tidal turbine systems are leading the tidal industry right now.
source:www.proactiveinvestors.co.uk