£400m tidal wave scheme could power one in 10 homes in Northern Ireland
A £400m plan to construct a tidal power facility off Fair Head will be unveiled today by a Cork-based renewable energy firm.
The 100MW tidal energy scheme could generate enough energy to power one in 10 homes in Northern Ireland and create 100 jobs in its construction phase and 15 full-time jobs on completion.
DP Energy, which is behind the bid, is hosting two information events, one in Ballycastle and the second on Rathlin Island, for local communities.
The Fair Head project is the second of two tidal schemes to have secured leases from the Crown Estate for areas of the seabed where currents are strong and offer excellent potential for the generation of clean and reliable energy.
Blair Marnie, Fair Head Tidal project manager, said the project would be developed in two stages.
"The first stage is to install a small tidal farm of between five and 10 turbines. The proposed technology is a further development of that used in Strangford Lough," he said.
"The second stage would be more substantial, completing the scheme's 100MW output, enough to heat and light 70,000 homes and small businesses."
DP Energy said it has received £8m in EU grant aid for the project and is in talks with Invest NI and the Interreg programme about securing further funding.
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