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.
An Orkney-based marine energy firm has clinched a multi-million investment target to build the world’s most powerful tidal turbine.
At the launch of the government’s long awaited Clean Growth Strategy the focus was clear. Clean Growth is about building a better Britain for the next generation. Green politics have always been caught up in the cross generational conflict of who pays. Now, prosperity and low carbon are no longer a compromise but aligned objectives for the economy. While it doesn’t quite crystallise the fossil in fossil fuels, the Strategy does provide a much needed energy boost to the previously embattled green power sector. Perhaps this is the government waking up to the concerns of the incoming (as opposed to outgoing and aging) generation of voters whose rude political awakening post-Brexit, and mass mobilisation during the recent election, have made everyone take notice, but in a way that doesn’t matter. The future will be greener.