| Project Origination |
|
Atlantis has a dedicated team of scientists, engineers and finance professionals jointly engaged in origination of new tidal current energy generation projects around the world. Atlantis’ approach centres on the principle that projects have to ultimately be large-scale in order to achieve project financeable economics. There is a significant difference between “total tidal power resource” and “economically extractable tidal power resource”. Atlantis specialises in finding, characterising and developing only the most economic projects globally. Many countries are yet to define a feed-in tariff for tidal, or else have simply indicated a minimum tariff, which is regarded as “flexible”. Atlantis therefore endeavours to characterise the resource and hence the project economics, in order to provide guidance to governments on the level of financial support required to make projects happen. Atlantis is associated with a number of financial institutions and utilities who have appetite to invest in Atlantis’ tidal current energy projects, where the local feed-in tariff makes the economics attractive. Atlantis’ project origination team is able to originate end-to-end projects – site-selection, resource characterisation, installation, grid-connection, operation and maintenance and decommissioning. Atlantis even provides solutions for forecasting and trading the power generated. For one project, Atlantis went so far as to originate an environmentally friendly data-centre project in order to provide a load for the tidal project. Once the concept is developed and a client brought on board, it becomes a project and our operations teams take over. Leveraging from vast experience in delivery of multi-billion dollar offshore oil, gas and wind projects, the Atlantis Operations team works with the client to deliver end-to-end solutions on time, to budget, and with the correct level of in-depth analysis to ensure that the project is profitable and bankable. Our origination team has a local focus with a global remit, looking to share best practice from our projects globally. We look to support local companies in project development, as there is no substitute for truly local knowledge. Please follow this link to read about our public domain projects. |
