Simec Atlantis looks to raise £7m with new bond offering
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.
Simec Atlantis Energy
Scottish marine energy developers could ‘go abroad’ if not backed, policy chief warns
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.
Simec Atlantis to issue new contracts for power plant conversion
Scottish tidal energy developer Simec Atlantis Energy has announced it will issue new contracts as part of a waste power plant conversion in Wales.
MeyGen tidal turbine looks to churn out 50% more power than nuclear
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.
GFG Alliance subsidiary pays Simec Atlantis £5m to get out of hydro deal
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.
Meygen puts Simec Atlantis Energy ‘in a good place’ despite widening losses
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.
‘World’s largest’ tidal turbine to be built in the Highlands
The world’s largest tidal turbine is to be built in the Highlands, according to the boss of an ambitious new marine energy project.
Balmoral subsea centre used for marine mammal tidal turbine testing
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 ‘effectively locked out’ of energy market, marine boss claims
Wave and tidal energy are being "effectively locked out" of the renewables sector, according to a marine energy boss.
AREG: Turning the tide
Last month, the Scottish Government revived a £10 million prize fund to boost commercial prospects for tidal energy in Scotland.
Meygen tidal turbine notches up new world record
The Pentland Firth-based Meygen tidal turbine notched up a new world record last night.
Simec Highland Hydro station delivers 20% production boost
A Highland Hydro project has announced a production boost following upgrade work at the site.
Scot Gov to turn the tide on £10m marine energy scheme
The Scottish Government is set to turn the tide on a previously defunct £10 million marine energy scheme.
Simec Atlantis picks supplier for MeyGen connection system
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.
Simec Atlantic ‘successfully’ launch two Meygen tidal turbines
A marine energy firm based in Scotland's Pentland Firth has announced the launch of two modified tidal turbines.
Marine energy should be ‘prioritised’ in Scot Gov draft budget, trade body says
The Scottish marine energy sector should be "prioritised" in the Scottish Government's draft budget, according to a renewables trade body.
Simec Atlantis wins big in tidal energy grant funding
A Pentland Firth-based tidal energy project has announced a large-scale grant funding win.
Simec Atlantis forms French joint venture for ‘large-scale’ tidal turbines
Tidal energy firm Simec Atlantis Energy has announced it has agreed terms with French authorities for the development of "large-scale" tidal turbines.
Simec Atlantis to sell 25% of power plant for £32.9m
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.
‘Nice little industry’ emerging in Scottish tidal sector, top analyst says
A "nice little industry" is emerging in the north of Scotland tidal energy sector, a top renewables analyst has said.
Simec Atlantis awards £5m deal for coal to fuel facility
Energy firm Simec Atlantis Energy has announced the award of nearly £5 million for a fuel conversion project contract.
New turbines to raise MeyGen output by 40%, Simec Atlantis says
Simec Atlantis Energy will beef up the MeyGen tidal array in the Pentland Firth with at least two more of its 2 megawatt turbines.
Faulty MeyGen turbines returned to action
Simec Atlantis Energy said today that two faulty turbines on its MeyGen project had returned to action.
Simec Atlantis post loss but sees assets swell
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.
Scottish tidal sector at ‘real risk’ despite successes, warns renewables chief
A renewables boss has said the tide may be turning for marine energy in Scotland, but warned the sector is at “real risk” due to the removal of government support.