When fully operational, the tidal energy project will generate 86 megawatts, enough for 42,000 homes.
MeyGen — a joint venture between investment bank Morgan Stanley, independent power generator GDF SUEZ and tidal technology provider Atlantis Resources Corporation — will install the tidal array in stages, with the first demonstration stage of six turbines starting construction in 2014 and providing 9 MW of renewable power by 2015.