A venture owned by Morgan Stanley, International Power Plc and Atlantis Resources Corp. won a contract to develop a tidal power project in U.K. waters off northern Scotland.
The Crown Estate, which owns the seabed in British waters, awarded the contract to MeyGen, a group that includes the three companies, according to a statement released in London today. The site is at the Inner Sound in the Pentland Firth.
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Source: Bloomberg
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