Atlantis Resources has returned the agreements for lease (AFLs) to The Crown Estate for the Anglesey Skerries site in Wales, and the Kyle Rhea site in Scotland.
The decision to hand back the AFLs followed an internal project portfolio and site assessment review which has led to the decision to prioritise other sites that are currently under construction and/or closer to reaching financial close, the Edinburgh-based tidal energy developer informed.
Tim Cornelius , CEO of Atlantis, said: “Due to the abundance of natural resource and a supportive government, Wales remains a jurisdiction of high interest to Atlantis and we will continue to actively seek out commercially and financially viable project development and investment opportunities and would welcome commercial approaches from any developer with commercial scale project locations in Wales.”
Survey work and data from both project sites will be made publicly available through The Crown Estate’s Marine Data Exchange in order to support the sustainable development of the seabed over the long term.