Atlantis Resources will supply turbines and services for a tidal-stream array in Indonesia, the Edinburgh-based firm said today.
SBS, a privately-owned international marine, subsea and renewable energy project developer, has handed Atlantis the deal.
SBS has development rights for three offshore sites around the islands of Lombok and Bali with a combined ocean energy capacity of 450MW.
Work on the engineering and design aspects and on the environmental impact assessment is expected to start this year.
The project will be supported via a 25-year power purchase agreement with PT. Perusahan Listrik Negara (PLN), the state-owned electrical utility company.
Atlantis plans to open a facility in Indonesia for turbine assembly, testing and maintenance.
Atlantis chief executive Tim Cornelius said: “Indonesia has clear potential for commercial-scale tidal power and the support of PLN shows there is also the demand and support for the development of tidal power in remote island locations across Indonesia.
“SBS has secured exclusive developments for three sites each with a potential installed capacity of 150MW and we look forward to working with SBS to deliver clean, predictable, sustainable energy harvested from the ocean.”