Global renewable project developer Atlantis has concluded a study that suggests the site at Le Raz Blanchard, France, is suitable for a 2GW tidal energy project in the region.
Atlantis has also submitted its plan to The French Government and outlined the possibility to deliver 1GW of tidal power by 2025 at Le Raz Blanchard, Normandy.
In its plan, Atlantis also indicated that the tidal project has the potential to create nearly 10,000 jobs and attract investments of more than €3bn.
If the project is approved by French authorities, it would be the largest tidal power project worldwide.
The company also mentioned to the government that the 1GW project has the potential to drive down the levelised cost of energy (LCOE) for tidal power when the final phase of the project is commissioned.
Atlantis CEO Tim Cornelius said: “France is sitting on a low-cost renewable energy gold mine at Raz Blanchard. Now that the tidal stream industry has been through the R&D phase and is now entering full-scale commercialisation, France should be at the forefront of exploiting this environmentally benign, predictable and inexhaustible source of renewable energy.
“Our proposal, if implemented, could quickly create a new industry in France attracting investment in local companies to establish a supply chain capable of delivering more than 1,000, 1.9MW tidal turbines, along with their associated foundations and the onshore infrastructure.
“With the support of The French Government , we can provide energy security, job creation, economic stimulation for the Normandy and Brittany regions along with the opportunity to lead Europe in the field of marine energy generation.”
Atlantis further explained to the government that the 1GW site could be quickly expanded to 2GW by 2027 and the Le Raz Blanchard tidal project is also expected to open up an export market worth nearly €400m in turbine sales every year.