Atlantis Resources will supply turbines and services for a tidal-stream array in Indonesia, the Edinburgh-based firm said today.
Atlantis Resources said today that the first AR1500 tidal turbine at its MeyGen project off Caithness had produced first power.
Marine renewables firm Atlantis Resources said today that it would join forces with Natural Energy Wyre (NEW) to develop a tidal project off Lancashire.
Tidal power firm Atlantis Resources is forming a new internal division to serve the wider water-based renewable energy sector.
A groundbreaking tidal energy project in the Pentland Firth has produced first power.
Atlantis Resources looks set to have all four of its turbines installed and connected to the grid by the end of the year.
Nicola Sturgeon predicted that the Highlands would soon be “powering the world” as she unveiled a £500million clean energy project that could create thousands of north jobs.
Atlantis Resources has stuck a deal for a "word first" in renewable energy.
The MeyGen tidal power project in the Pentland Firth has reached a technical milestone with its connection to a major power distribution network.
Atlantis Resources, the company behind the ground-breaking MeyGen tidal power project off the Scottish coast, has reported its first profit with its chief executive hailing the firm's "amazing progress" during 2015.
Tidal power specialist Atlantis Resources has acquired development rights for an additional 110MW of projects in Scotland, including the seabed rights, grid access and consents for the 10MW Sound of Islay project after completing a deal with ScottishPower Renewables.
Atlantis Resources, the Scottish firm behind the MeyGen tidal-energy project in the Pentland Firth, has followed up a £6.5million cash injection with new joint-venture in Indonesia.
The Scottish firm behind Europe’s largest consented tidal-energy project, the MeyGen development in the Pentland Firth, said yesterday it had raised £6.5million from a share placement.
Tidal power specialist Atlantis Resources has sold a minority stake in its Scottish tidal development company to marine construction firm DEME for £2million, to boost its Sound of Islay project .
Green campaigners have welcomed plans for a £500 million boost to Scotland’s tidal power industry.
Tidal power player Atlantis has entered into a partnership agreement with Equitix, the investor and fund manager of infrastructure assets with over £1.7 billion of funds under management.
Tidal power specialist Atlantis Resources has returned two Agreements for Lease (AFLs) to The Crown Estate, following a strategic internal review of the company’s portfolio of tidal energy projects.
Umbilicals specialist JDR has appointed two new non-executive directors to its board.
Tidal power player Atlantis Resources has appointed a new director of project development to oversee its key developments in Scotland and internationally.
Scotland’s tides are among the most powerful in the world. With an estimated 25% of Europe's tidal potential, it is no surprise that Scotland reigns supreme in attracting international project developers and major OEMs looking to tap into this vast resource.
Atlantis Resources has struck a deal to acquire two projects from Scottish Power Renewables UK for its tidal development company. The deal for Tidal Power Scotland (TPSL) is estimated to be around £6.6million, or 3,859,703 shares, which equates to around 6% of the issued share capital. Atlantis said as part of the transaction, TPSL will acquire Scottish Power Renewables entire tidal portfolio, comprising the 10MW Sound of Islay site and the 100MW Ness of Dunscaby site.
Atlantis Resources chief executive Tim Cornelius said 2015 has been a "transformational year" with the company's flagship tidal Meygen project approaching commercial power production.
Tidal power developer Atlantis Resources has appointed Stephen Ward as its new director of power generation as the company begins the constructions phase of the MeyGen project in the Pentland Firth.
Atlantis Resources said €17million of funding has been transferred from the Kyle Rhea project to the world’s largest planned tidal stream energy project MeyGen. The transaction was approved by the European Commission’s Climate Change Committee for MeyGen Phase 1B. The move is planned to help accelerate the development of the project with this second phase targeted to reach financial close and commence construction during 2016.
When Atlantis Resources finally completes its world beating tidal energy development in the North of Scotland, don’t expect exciting photo opportunities to mark the occasion - there’ll be nothing to see. Atlantis’ huge MeyGen project in the Pentland firth will be the world’s biggest tidal project: up to 269 turbines providing almost 400MW - enough electricity for 175,000 Scottish homes. But all that power and infrastructure won’t be visible from the nearby Caithness and Orkney shorelines because all the action takes place below the waves.