Development of the world's largest tidal energy project will begin in January 2015 off the coast of Scotland.
The project, named MeyGen, is owned by Atlantis Resources, which was specifically established to focus on the development of the Inner Sound tidal site.
The project is set to be developed on the seabed at Ness of Quoys in Caithness, northeast Scotland, and should power nearly 175 000 homes through a network of 269 turbines when fully developed.
Atlantis stated that it had finalised all of the conditions required to start the release of funding. Moreover, the company went on to say: "The major construction and supply contractors to this iconic project have commenced design, engineering and procurement works in readiness for commencement of onshore construction at the project site."
Whilst the first power to the national grid is expected in 2016, Atlantis nevertheless believes that "MeyGen is the largest planned tidal energy project in the world with a capacity of almost 400 MW”.