Updated: MeyGen owner Simec Atlantis shares drop on fundraising
Shares in Scottish renewables firm Simec Atlantis Energy (SAE) have plunged after it raised £2.6million from investors in a placing announced last night.
Simec Atlantis Energy
Shares in Simec Atlantis rocket after major shareholder regains control
Shares in renewables developer Simec Atlantis Energy have soared after the company confirmed its major shareholder had regained control
Simec Atlantis Energy in ‘productive discussions’ with receivers appointed over majority shareholder
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.
Updated: Analyst sets out potential impact of Gupta fallout on Simec Atlantis
Renewables developer Simec Atlantis Energy issued an update on Wednesday as to the current state of play regarding its major shareholder.
Cromarty Firth built tidal turbine passes Japanese pre-use inspection tests
A Scottish built tidal turbine located in Japan has hit another milestone after it passed pre-use inspection tests.
Serious Fraud Office launches probe into GFG Alliance
International metals group GFG Alliance, which owns Fort William aluminium smelter, is under investigation by the Serious Fraud Office (SFO).
MeyGen tidal project progressing with plans to enter CfD allocation round four
Plans are progressing for the second phase of the world’s largest tidal energy project off the North coast of Scotland.
Talks ongoing with UK Gov to secure support for further rollout of MeyGen
Simec Atlantis Energy is in talks with UK Government to aid the expansion of the world’s largest tidal energy project.
Simec Atlantis successfully installs Scottish built tidal turbine system in Japan
Simec Atlantis Energy (SAE) has successfully installed its Scottish built tidal turbine and generation equipment in Japan.
Cornelius to resign as CEO of Simec Atlantis Energy
Australian businessman Tim Cornelius will resign as chief executive of Scottish renewable energy firm Simec Atlantis Energy (SAE) later this month.
SAE teams with Dutch firm to produce green fuel for power plants
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 made tidal generation equipment arrives in Japan
Scottish renewable energy firm Simec Atlantis said today the tidal generation system it designed and built has arrived in Nagasaki harbour, Japan.
Renewables industry recognised at virtual Scottish Green Energy Awards
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 enters into debt financing agreement to fund transition at flagship power station
Simec Atlantis Energy has entered into an agreement with a leading South Korean financial institution to fuel the transition of its flagship power station.
Stakes in Simec Atlantis plummet after firm announces plans to issue 50m new shares
Shares in Simec Atlantis Energy, which operates the MeyGen tidal array in the Pentland Firth, plummeted today.
Scottish marine energy firm builds turbine near Wuhan during pandemic
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.
Simec Atlantis Energy furloughs workers due to Covid-19 pandemic
Workers have been furloughed at a Highland marine energy firm as it looks to mitigate the fallout of the coronavirus pandemic.
Simec Atlantis Energy wins £1.5m Scot Gov grant for Meygen project
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.
Simec Atlantis Energy CFO steps down
The chief financial officer (CFO) of Highland marine energy firm Simec Atlantic Energy is set to stand down form his role.
Simec Atlantis looks to Japanese expansion with new Nagasaki office
A Scottish renewable energy firm is looking to expand its reach into Japan with the creation of a new office in Nagasaki.
Simec Atlantis on crest of wave as Cornelius widens vision
The removal of UK Government subsidy in 2017 left the burgeoning Scottish tidal energy sector in crisis.
Simec Atlantis chief claims ‘cash is good’ despite £3m dip in profit
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.
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.
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.