SOURCE: Industrial Info Resources

Industrial Info Resources

November 18, 2010 01:30 ET

MeyGen Secures 400-Megawatt Tidal Energy Project in Scotland, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - November 18, 2010) - Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- Scotland's ambitious tidal energy projects took another leap forward this week when the Crown Estate awarded a lease for the 400-megawatt (MW) Inner Sound tidal project. The Crown Estate, which owns and manages the U.K. seabed to the 12-nautical-mile territorial limit and around half of the foreshore, agreed to a lease with MeyGen, which is a joint venture between Atlantis Resources Corporation (Singapore), International Power (LSE:IPR) (London, England) and Morgan Stanley (NYSE:MS) (New York).

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