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.
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.
Shares in Scottish renewables firm Simec Atlantis Energy (SAE) have plunged after it raised £2.6million from investors in a placing announced last night.
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.
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.
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.
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.
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.