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
GFG Alliance
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.
Simec Atlantis shares tumble on Gupta fallout
Shares in Simec Atlantis Energy (SAE) have dropped 30% after the tidal power developer disclosed that receivers are trying to take control of a significant portion of its shares held by the Sanjeev Gupta GFG Alliance.
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).
Fears raised over scale of wind farm
A public inquiry into plans for a 39-turbine wind farm in a Highland mountain range has heard it could ultimately lead to a “complex larger than the city of Dundee” being built on a “once tranquil plateau”.
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.
Meygen puts Simec Atlantis Energy ‘in a good place’ despite widening losses
Growing revenues from the Meygen tidal turbine project in the Pentland Firth has been a unique bright sport for Simec Atlantis Energy amid widening losses for the firm.
Liberty handed multi-million pound North Sea pipeline deal
A leading steel firm has announced the award of a multimillion-pound contract to supply a pipeline for North Sea gas.
New appeal over diver training centre
A businessman has sent a letter pleading with one of the world’s richest men to withdraw his bid on land belonging to an underwater training centre which went into administration.
GFG lands in Dunkirk
The head of GFG Alliance, which owns Fort William smelter, has said completion of its acquisition of Europe’s largest aluminium plant, in France, will enable the company to “expand powerfully in key industries such as the automotive sector.”
‘Nice little industry’ emerging in Scottish tidal sector, top analyst says
A "nice little industry" is emerging in the north of Scotland tidal energy sector, a top renewables analyst has said.
Company lodges plans for huge Highland wind farm
A formal application for Scotland’s fourth-biggest wind farm, sited in the Highlands, has been lodged.
Simec Atlantis post loss but sees assets swell
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.
‘Shared interest’ prompts groundbreaking Scottish renewables deal
A shared interest in Scottish tidal power led to the completion of a groundbreaking renewable-energy deal.
Gupta’s GFG takes 49.9% stake in Atlantis Resources
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.
Atlantis looks to raise £20m to fund power station project
Marine energy firm Atlantis Resources today announced plans to raise £20million through the placement of up 57.1million shares.
Lochaber residents offered share of lucrative hydro project
Lochaber residents could yet achieve their dream of transforming parts of the “Rio Tinto” estate into community assets and facilities.
Scotland to see £60million hydro investment
Energy and metals giant GFG Alliance plans to invest an extra £60 million in hydro schemes in Scotland.
Atlantis, Simec deal spills over into second quarter
Atlantis Resources expects to announced the finalised terms of an acquisition that will lead to its incorporation into Sanjeev Gupta’s GFG Alliance in the next quarter.
Atlantis goes with the flow
The billionaire owner of a smelter near Fort William will join forces with Scottish tidal power firm Atlantis Resources.
Updated: Atlantis, Gupta’s GFG Alliance to create major renewables player
Scottish tidal power firm Atlantis Resources has become part of the Gupta family business empire after striking a deal for a power plant in south Wales.
Gupta’s GFG Alliance to snap up Highland hydropower firm
A Highland hydropower developer will become part of the Gupta family’s business empire next year.
Greensteel company looks to recycle large amount of UK scrap metal
A firm plans to create five million tonnes of low-carbon steelmaking capacity over the next five years, saying it would deliver the “clean growth” vision of the Government’s strategy.