Atlantis to Develop 150 MW of Tidal Energy in Indonesia

Bristol, UK - Atlantis, a manufacturer of tidal power plants, announced that it has entered into a Memorandum of Understanding (MoU) with SBS, a privately owned international marine, subsea and renewable energy developer which has been studying the potential of ocean energy resources for tidal-stream devices around the Indonesian archipelago since 2013.

Under this Agreement, Atlantis and SBS will work together to establish a joint venture to develop a 150 MW tidal stream site in Indonesia. The total cost of this commercial array has been estimated at US $750 million and will be constructed over a number of stages. SBS has completed a feasibility study and the project will be supported by a 25-year power purchase agreement with the state-owned Electricity company, Perusahaan Listrik Negara (

Source: IWR Online, 21 Apr 2016