Orbital Marine Power Ltd (Orbital), the Scotland-based floating tidal stream technology pioneer, and operator of the world's most powerful tidal turbine, is delighted to have been awarded a further Contract for Difference (CfD) in the UK Allocation Round 7 (AR7) process, resulting in our UK CfD project portfolio increasing to 17MW.
The current UK capacity will join Orbital's existing 2MW O2 turbine, which has been providing electricity to the UK grid since 2021, in the waters off the Orkney Islands.
In November, Orbital was successful in adding to its growing UK project portfolio with power purchase agreements from the Canadian province of Nova Scotia that equate to an order for a further 6 turbines (c.15MW) to be installed in the Bay of Fundy, one of the world's largest tidal stream sites.
Between the UK and Canada, Orbital now has a cumulative orderbook of 32MW, or thirteen turbines, that sit at the front of a growing project portfolio centred in the UK. The manufacturing effort required to deliver against this demand will bring substantial benefits and unique opportunities to a supply chain with proven UK weighting.
Andrew Scott, CEO of Orbital Marine Power, said: "This is welcomed news as we move Orbital and our supply chain into delivery mode, it expands our vision and increases the opportunities around our business while we demonstrate the important role tidal stream can play in energy systems of the future with its reliable, predictable clean energy."
About Orbital Marine Power Ltd.Orbital Marine Power (Orbital) is a visionary Scottish renewable energy company focused on the global application of its pioneering floating turbine technology that can supply predictable power from tidal streams and ocean currents, every day, regardless of the weather.
Orbital's innovative approach lowers manufacturing and installation costs while allowing fast, cost-effective maintenance of all major turbine components. The company's O2, the world's most powerful and advanced tidal turbine, commenced power generation in July, 2021 in Orkney. The O2 is a 2MW+ product capable of providing utility-scale, clean energy whilst supporting a just transition through the creation of sustainable, quality jobs throughout the project lifecycle.
The company has an established portfolio of tidal stream projects supported by a growing global pipeline of multi-gigawatt opportunities.
Media contact at Orbital Marine Power:
Sarah Clark, Marketing and Media Manager: s.clark@orbitalmarine.com
