MeyGen, a consortium made up of Atlantis Resources, International Power and Morgan Stanley, will develop a 400MW tidal energy project in the Inner Sound, Scotland.

The consortium has been awarded a lease by the UK’s Crown Estate for the development of this project.

The Inner Sound lies within the Pentland Firth and Orkney waters strategic area, between Caithness on the Scottish mainland and the island of Stroma.

The tidal project is expected to generate enough energy to power approximately 400,000 homes.

With the addition of the Inner Sound, there are now 11 Pentland Firth and Orkney waters projects, with a total potential capacity of 1.6GW.

Scottish government energy minister Jim Mather said that work will be continued with The Crown Estate to support low carbon developments, ensure communities can reap the benefits and secure Scotland’s position as the green energy capital of Europe.