Asia’s first large tidal energy farm will be deployed off the Indian state of Gujarat next year, under an agreement signed in January between state-owned Gujarat Power Corp. Ltd. and marine energy developer Atlantis Resources Corp., based in the U.K. and Singapore. Rendering Courtesy Of Atlantis Resources Marine energy developer Atlantis Resources will use its AK1000 turbine design in the Gulf of Kutch, off the coast of Gujarat state in India. Rendering Courtesy Of Atlantis Resources The offshore project, a joint venture of Atlantis and a local power utility, will involve installation of 50 bottom-mounted turbines, each generating 1 MW
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.