Atlantis secures funding for next stage MayGen
Atlantis Resources today confirmed it had secured the funding for the next stage of its MeyGen project.
Meygen
MeyGen turbine hits full power
Atlantis today confirmed one of its MeyGen turbines had achieved full power.
MeyGen project to be renamed in honour of director
The world's largest tidal energy scheme in the Pentland Firth will be named after a key figure in turning the £500million vision into a reality.
Atlantis achieves first power from MeyGen tidal energy project
A groundbreaking tidal energy project in the Pentland Firth has produced first power.
Atlantis Resources stoic on Westminster’s removal of ring-fenced marine energy budget
Atlantis Resources said today that the UK Government’s decision to scrap the ring-fenced budget for marine projects in its next “green auction” was disappointing, but not unexpected.
ReNew News: Atlantis Resources on track with MeyGen project
Atlantis Resources looks set to have all four of its turbines installed and connected to the grid by the end of the year.
£500m MeyGen tidal scheme could create thousands of Highland jobs
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.
Video: Timelapse of MeyGen – world’s largest tidal power project
First Minister Nicola Sturgeon unveiled MeyGen - the world's largest free stream tidal power project today.
Nicola Sturgeon urges UK to tackle ‘uncertainty’ over marine energy
Nicola Sturgeon has called on the UK Government to end uncertainty around subsidies for marine energy projects.
Opinion: Wave and tidal energy taking “enormous strides” towards commercialisation
Marine energy is a sector which has faced its fair share of ups and downs. That said, there remains much to be positive about in both wave and tidal energy in Scotland. Both industries have taken enormous strides forward in the last 12 months, and we are now closer to commercialisation than ever before.
MeyGen tidal project is connected to National Grid
The MeyGen tidal power project in the Pentland Firth has reached a technical milestone with its connection to a major power distribution network.
Tide turning for Atlantis as company reports profit
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.
Atlantis lands Sound of Islay tidal development rights
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 outlines its ambitions for Indonesia
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.
Atlantis partners with fund manager to pursue tidal projects
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.
Opinion: You can’t beat Scotland when it comes to tidal
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 strikes a deal to acquire two projects
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 chief hails “transformational” year for Meygen project
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.
Atlantis Resources appoints new executive director
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.
Statoil Hywind project work goes to Global Energy firm
Key equipment for the world’s first floating windfarm will be made in Aberdeen and at Nigg Energy Park in the Highlands, it was announced yesterday.
Atlantis Resources looks for investors in Scottish tidal projects
Atlantis Resources has sought advice from Macquarie Capital as it looks to review its options for attracting long term investors in its Scottish tidal power portfolio. The company, which owns the majority of the world’s largest planned tidal power MeyGen project, is offering potential investors an interest in its projects.
Ocean Energy Europe conference opens in Dublin with high level summit
Europe’s key ocean energy industry figures are meeting with key political leaders at a high level summit in Dublin today to present a game plan for commercialising the ocean energy sector.
Atlantis Resources wins approval of €17million for MeyGen
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.
Atlantis deploys subsea cables for Meygen project
The latest phase of the Meygen tidal energy project has been completed with the laying of four subsea cables.
Atlantis Resources replaces finance chief as it relocates to Scotland
Tidal power generator Atlantis Resources has appointed Simon Counsell as chief financial officer following the resignation of Duncan Black.