The project will have a capacity of up to 200MW and is located north of mainland Orkney in The Crown Estate’s Pentland Firth and Orkney Waters Strategic Area.
The companies will work together to get necessary permits for the project which will include AWS-III wave energy converters, a technology currently under development by AWS Ocean Energy.
Alstom and SSE Renewables intend to carry out detailed site surveys and an environmental impact assessment to develop the site with an initial phase of about 10MW, before moving on to install the full site capacity.
Alstom Renewable Power president and Alstom Hydro senior vice president Jerome Pecresse said this project places Alstom at the forefront of the fast-developing ocean energy sector along with its offshore wind and tidal energy businesses.
"It demonstrates the strength of our offer as a leading supplier of clean energy solutions and of our involvement in all renewable energy sources in Scotland, the potential of which is considerable," Pecresse said.
