Developers secured support for more than 35 megawatts (MW) of new Scottish tidal stream capacity in the latest Contracts for Difference (CfD) auction, in a move hailed as transformative for the sector.
Tidal energy developer Simec Atlantis Energy (SAE) announced pre-tax losses of £74 million last year, as outages at its flagship MeyGen scheme and the loss of a key development project weighed heavy on results.
Tidal energy developer Simec Atlantis Energy (SAE) has entered discussions with crowd-funding platform Abundance Investment, requesting more time to repay debentures due at the end of June.
Simec Atlantis Energy (SAE) has secured a £2.5 million loan from Scottish Enterprise to support further tidal turbine redeployment at its flagship MeyGen project.
Tidal energy giant Simec Atlantis Energy has successfully completed upgrade and maintenance work on the "world’s most powerful turbine".
A COP26 fringe event saw wave and tidal energy firms praise Scottish government support for the sector, but call for greater certainty to enable commercialisation.
Troubled renewables firm Simec Atlantis Energy (SAE) (LON: SAE) has announced that one of its board members has left with immediate effect.
Shares in Scottish renewables firm Simec Atlantis Energy (SAE) have plunged after it raised £2.6million from investors in a placing announced last night.
Shares in renewables developer Simec Atlantis Energy have soared after the company confirmed its major shareholder had regained control
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.
A Scottish built tidal turbine located in Japan has hit another milestone after it passed pre-use inspection tests.
International metals group GFG Alliance, which owns Fort William aluminium smelter, is under investigation by the Serious Fraud Office (SFO).
Plans are progressing for the second phase of the world’s largest tidal energy project off the North coast of Scotland.
Simec Atlantis Energy is in talks with UK Government to aid the expansion of the world’s largest tidal energy project.
Simec Atlantis Energy (SAE) has successfully installed its Scottish built tidal turbine and generation equipment in Japan.
Australian businessman Tim Cornelius will resign as chief executive of Scottish renewable energy firm Simec Atlantis Energy (SAE) later this month.
Simec Atlantis Energy (SAE), owner of the MeyGen tidal array in the Pentland Firth, has teamed up with a Dutch firm in a joint venture to produce environment-friendly fuel for converted coal-fired power stations.
Scottish renewable energy firm Simec Atlantis said today the tidal generation system it designed and built has arrived in Nagasaki harbour, Japan.
A project helping to alleviate fuel poverty in Orkney and a wildlife reserve in the Highlands were among the winners at Scottish Renewable’s flagship award ceremony.
Simec Atlantis Energy has entered into an agreement with a leading South Korean financial institution to fuel the transition of its flagship power station.
Shares in Simec Atlantis Energy, which operates the MeyGen tidal array in the Pentland Firth, plummeted today.
A Scottish marine energy firm behind the construction of the world’s largest tidal turbine currently being built in the Highlands has announced the completion of another turbine near the epicentre of the Chinese coronavirus outbreak.
Workers have been furloughed at a Highland marine energy firm as it looks to mitigate the fallout of the coronavirus pandemic.
Scottish marine energy firm Simec Atlantis Energy has scooped a £1.5 million grant from the Scottish Government to develop its Meygen tidal turbine project.