MeyGen Limited is 86% owned by Atlantis Resources Limited. The Company was established in 2010 solely for the development of the Inner Sound tidal site, and continues to focus on this, initially with the delivery of Phase 1a (up to 6 tidal turbines) in 2015/16. Given both the strategic and economic importance of the project to the marine energy sector Atlantis and MeyGen continue to work closely with the Scottish Government, DECC, Crown Estate, key stakeholders, and contractors alike to deliver Europe’s largest and most important tidal energy project.
MeyGen Limited was established solely for the development of the Inner Sound project. All three shareholders have worked closely in the past within the tidal energy sector. In summary, the MeyGen consortium has the expertise, financial strength, commitment and ability to develop the Inner Sound project in a manner that provides the marine energy industry with a benchmark that will assist with taking it from its current nascent stage to commercial reality.