The removal of UK Government subsidy in 2017 left the burgeoning Scottish tidal energy sector in crisis.
Simec Atlantis Energy
Simec Atlantis Energy remains in “a good financial position” despite reporting more than £3 million in pre-tax losses for the first half of 2019, according to the boss of the Highland tidal firm.
Highland-based tidal energy firm Simec Atlantis Energy has announced it it aiming to raise £7 million with the introduction of a new bond offering.
Scottish firms who develop wave and tidal power could "go abroad" if the sector does not receive the financial backing it needs, an energy policy chief has warned.
Scottish tidal energy developer Simec Atlantis Energy has announced it will issue new contracts as part of a waste power plant conversion in Wales.
A Highland tidal project has the potential to generate 50% more energy than the former Dounreay Nuclear plant, according to the boss of the development.
Simec, a member firm of GFG Alliance, has announced that it will pay Simec Atlantis Energy £5 million to “extricate” itself from a deal to buy a Highland hydro firm.
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.
The world’s largest tidal turbine is to be built in the Highlands, according to the boss of an ambitious new marine energy project.
Offshore engineering firm Balmoral Group has revealed its Aberdeen subsea centre was the site for new tests examining the interaction between tidal turbines and marine mammals.
Wave and tidal energy are being "effectively locked out" of the renewables sector, according to a marine energy boss.
Last month, the Scottish Government revived a £10 million prize fund to boost commercial prospects for tidal energy in Scotland.
The Pentland Firth-based Meygen tidal turbine notched up a new world record last night.
A Highland Hydro project has announced a production boost following upgrade work at the site.
The Scottish Government is set to turn the tide on a previously defunct £10 million marine energy scheme.
UK-based firm Engineering Technology Applications (ETA) will supply a subsea tidal turbine connection system for the extension of a major tidal array in the Pentland Firth.
A marine energy firm based in Scotland's Pentland Firth has announced the launch of two modified tidal turbines.
The Scottish marine energy sector should be "prioritised" in the Scottish Government's draft budget, according to a renewables trade body.
A Pentland Firth-based tidal energy project has announced a large-scale grant funding win.
Tidal energy firm Simec Atlantis Energy has announced it has agreed terms with French authorities for the development of "large-scale" tidal turbines.
Green power firm Simec Atlantis Energy (SAE) has agreed to sell a 25% interest in a power plant conversion project to UK infrastructure fund manager Equitix for £32.9 million.
A "nice little industry" is emerging in the north of Scotland tidal energy sector, a top renewables analyst has said.
Energy firm Simec Atlantis Energy has announced the award of nearly £5 million for a fuel conversion project contract.
Simec Atlantis Energy will beef up the MeyGen tidal array in the Pentland Firth with at least two more of its 2 megawatt turbines.
Simec Atlantis Energy said today that two faulty turbines on its MeyGen project had returned to action.