AR6 delivers six tidal stream projects with UK pipeline ‘confidently growing’
Six UK tidal stream projects have secured funding as part of the sixth Allocation Round (AR6) renewables auction in an “important step forward” for the sector.
MeyGen tidal array
Simec Atlantis receives £4m in ‘boost’ to MeyGen tidal array
A major Scottish tidal energy project is expected to make long-awaited progress after its developer secured additional funds.
Simec Atlantis Energy sells majority stake in its tidal engineering division
Simec Atlantis Energy (SAE) said it plans to focus on its tidal power project in the Pentland Firth following the sale of its services division to managers.
Shares in Simec Atlantis plunge 50% on the back of £74m loss in ‘challenging’ 2021
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.
Simec Atlantis asks for more time on debenture repayment
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 secures £2.5m loan for MeyGen redeployment
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.
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.
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
RenewableUK calls for clean energy tech targets and creation of Just Transition Strategy
A leading trade body is calling on governments across the UK to commit to specific renewables deployment targets ahead of a landmark climate conference later this year.