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.
Simec Atlantis Energy
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.
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.
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.
The world’s largest tidal energy plant has suffered damage to its turbines just months after construction ended.
Turbine glitches are unlikely to have a "material impact" on a ground-breaking tidal power project off the north coast of Scotland, an analyst said today.
Simec Atlantis Energy (SAE) said today that two turbines from its MeyGen tidal project would need to be removed for repairs.
Simec Atlantis Energy's boss has defended tidal energy, calling it a "golden opportunity" as the UK Government rejected the £1.3 billion Swansea tidal lagoon yesterday.
Bosses at Simec Atlantis Energy (SAE) said 2017 was the most important year in the renewable energy firm’s history despite posting an £11 million loss.
Sanjeev Gupta’s GFG Alliance has taken a 49.99% stake in the company behind the groundbreaking MeyGen tidal array in the Pentland Firth as part of a reverse takeover.