MeyGen Phase 2 is a 28 MW tidal stream project in Scotland that secured a Contract for Difference in Allocation Round 4. Its strike price is £178.54/MWh in 2012 prices; 6 of the 25 tidal stream contracts have a lower strike, and it is £20.83 below the technology average of £199.37. All 4 tidal stream contracts awarded in AR4 share this strike price, as allocation rounds clear at a single price per technology and delivery year. It is the largest tidal stream contract by capacity. The project has not yet started delivering under its CfD; its delivery year is 2026.
Projects with the most similar strike prices to this contract across all rounds.
| Project | Round | Strike Price | Capacity | Region | Status |
|---|---|---|---|---|---|
| MeyGen Phase 2 This project | AR4 | £178.54/MWh | 28 MW | Scotland | Not yet |
| Orbital Marine Eday 2 | AR4 | £178.54/MWh | 5 MW | Scotland | Not yet |
| Morlais Magallanes GR3 | AR4 | £178.54/MWh | 6 MW | Wales | Not yet |
| Orbital Marine Eday 1 | AR4 | £178.54/MWh | 2 MW | Scotland | Not yet |
| Magallanes EMEC Berth 1 Extension | AR6 | £172.00/MWh | 3 MW | Scotland | Not yet |
| OCEANSTAR 1 | AR6 | £172.00/MWh | 2 MW | Scotland | Not yet |
| OCEANSTAR 5 | AR6 | £172.00/MWh | 0 MW | Scotland | Not yet |
| SEASTAR 1 | AR6 | £172.00/MWh | 4 MW | Scotland | Not yet |
| Ynni'r Lleuad 2 | AR6 | £172.00/MWh | 10 MW | Wales | Not yet |
| MeyGen AR62 | AR6 | £172.00/MWh | 9 MW | Scotland | Not yet |
| EMEC Magallanes Berth 1 | AR5 | £198.00/MWh | 2 MW | Scotland | Not yet |
| MeyGen AR51 | AR5 | £198.00/MWh | 12 MW | Scotland | Not yet |
| MeyGen AR53 | AR5 | £198.00/MWh | 3 MW | Scotland | Not yet |
| Morlais Magallanes GR3 Extension | AR5 | £198.00/MWh | 3 MW | Wales | Not yet |
| MeyGen AR54 | AR5 | £198.00/MWh | 2 MW | Scotland | Not yet |
| MeyGen AR52 | AR5 | £198.00/MWh | 6 MW | Scotland | Not yet |
| Morlais Mor Energy Zone GO3 | AR5 | £198.00/MWh | 4 MW | Wales | Not yet |
| Morlais Verdant Isles BL3 | AR5 | £198.00/MWh | 5 MW | Wales | Not yet |
| Orbital Marine Eday 4 | AR5 | £198.00/MWh | 5 MW | Scotland | Not yet |
| Orbital Marine Eday 3 | AR5 | £198.00/MWh | 2 MW | Scotland | Not yet |