Atlantis Resources has submitted a strategic plan to the government for the development of a tidal installation site at Raz Blanchard in Normandy, which would provide 1 GW of energy by 2025.
If the project is successful, Atlantis expects this site to become the largest tidal power project, the company said.
According to the Atlantis study, the Raz Blanchard has one of the best tidal energy resources in the world and, after a first production of 1 GW, the site could double its capacity by 2027.
Atlantis estimates that the construction of the 2 GW site at Raz Blanchard is expected to attract €3.3 billion of investment and open up a valued €400 million worth of turbine export market per year, with the potential to create 10,000 jobs.
In addition to the investment of more than €3 billion, the Atlantis proposal includes the development of a plant assembly, testing, operation and maintenance of turbines in Normandy
Prior to the calls for tenders, studies have been requested by the French government to evaluate the best tidal energy sites in the French maritime waters.
The independent proposal submitted by Atlantis aims to build on the success of the MeyGen project in Scotland where more than 6 GW of predictable renewable energy has been produced.