Shares in renewables developer Simec Atlantis Energy have soared after the company confirmed its major shareholder had regained control
Simec Atlantis Energy in ‘productive discussions’ with receivers appointed over majority shareholder
Renewables developer Simec Atlantis Energy (SAE) has said it is in “productive discussions” with receivers appointed over its majority shareholder, which is part of the troubled GFG Alliance international metals group.
Renewables developer Simec Atlantis Energy issued an update on Wednesday as to the current state of play regarding its major shareholder.
Shares in Simec Atlantis Energy (SAE) have dropped 30% after the tidal power developer disclosed that receivers are trying to take control of a significant portion of its shares held by the Sanjeev Gupta GFG Alliance.
International metals group GFG Alliance, which owns Fort William aluminium smelter, is under investigation by the Serious Fraud Office (SFO).
A public inquiry into plans for a 39-turbine wind farm in a Highland mountain range has heard it could ultimately lead to a “complex larger than the city of Dundee” being built on a “once tranquil plateau”.
The removal of UK Government subsidy in 2017 left the burgeoning Scottish tidal energy sector in crisis.
Growing revenues from the Meygen tidal turbine project in the Pentland Firth has been a unique bright sport for Simec Atlantis Energy amid widening losses for the firm.
A leading steel firm has announced the award of a multimillion-pound contract to supply a pipeline for North Sea gas.
A businessman has sent a letter pleading with one of the world’s richest men to withdraw his bid on land belonging to an underwater training centre which went into administration.
The head of GFG Alliance, which owns Fort William smelter, has said completion of its acquisition of Europe’s largest aluminium plant, in France, will enable the company to “expand powerfully in key industries such as the automotive sector.”
A "nice little industry" is emerging in the north of Scotland tidal energy sector, a top renewables analyst has said.
A formal application for Scotland’s fourth-biggest wind farm, sited in the Highlands, has been lodged.
Alternative energy firm Simec Atlantis Energy posted a £9.1 million loss for the first half of the year but has seen a significant swell in assets.
A shared interest in Scottish tidal power led to the completion of a groundbreaking renewable-energy deal.
Sanjeev Gupta’s GFG Alliance has taken a 49.99% stake in the company behind the groundbreaking MeyGen tidal array in the Pentland Firth as part of a reverse takeover.
Marine energy firm Atlantis Resources today announced plans to raise £20million through the placement of up 57.1million shares.
Lochaber residents could yet achieve their dream of transforming parts of the “Rio Tinto” estate into community assets and facilities.
Energy and metals giant GFG Alliance plans to invest an extra £60 million in hydro schemes in Scotland.
Atlantis Resources expects to announced the finalised terms of an acquisition that will lead to its incorporation into Sanjeev Gupta’s GFG Alliance in the next quarter.
The billionaire owner of a smelter near Fort William will join forces with Scottish tidal power firm Atlantis Resources.
Scottish tidal power firm Atlantis Resources has become part of the Gupta family business empire after striking a deal for a power plant in south Wales.
A Highland hydropower developer will become part of the Gupta family’s business empire next year.
A firm plans to create five million tonnes of low-carbon steelmaking capacity over the next five years, saying it would deliver the “clean growth” vision of the Government’s strategy.