In April 2008, Neptune Power was granted a resource consent to install a $10 million experimental underwater tidal stream turbine capable of producing one megawatt. The turbine was designed in Britain, and was to be built in New Zealand and placed in of water, due south of Sinclair Head, in waters known as the "Karori rip". The company claimed there is enough tidal movement in Cook Strait to generate 12 GW of power, more than one-and-a-half times New Zealand's current requirements. In practice, only some of this energy could be harnessed. As of October 2016, this turbine had not been built and the Neptune Power website is a placeholder with no further announcements.