Indonesian Archipelago

Atlantis is working with SBS Intl (SBS), an Indonesian based developer, on the delivery of up to three 150MW tidal stream projects in Indonesia. The projects are owned by SBS, with whom Atlantis is working to develop a joint-venture.

The total cost of the commercial array has been estimated at USD750 million, and it will be constructed over a number of stages, with an initial 12MW demonstration phase followed by the rollout to 150MW on the first site. SBS has completed a feasibility study and the project will be backed by a 25-year power purchase agreement with Perusahaan Listrik Negara (PLN), the Indonesian state-owned electricity company.