Tidal Turbines: A rare Scottish success story
Regardless of what government, its agencies and trade groups try to claim, offshore wind has not had that Saudi Arabia scale impact on the Scottish supply chain scene some hoped it would.
Simec Atlantis
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 Atlantis seeks to raise another £341k to pay out shareholder
Simec Atlantis Energy shares have slumped in early trading after it called an emergency meeting to raise £341,000 to pay out a shareholder and replace its auditor, EY.
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.
Global Energy Group ‘best positioned’ in UK to benefit from offshore renewables boom, says new CEO
Global Energy Group’s new group chief executive has described the firm as “probably the best positioned organisation in the whole of the UK” to make the most of the expansion in offshore renewables.
Renewables firm Simec Atlantis unlocks potential £12m with share place agreement
Simec Atlantis has entered into a share place agreement with a US-based investor in a move that could raise as much as £12 million.
Simec Atlantis posts pre-tax losses of £6.1m for first half of 2020
Simec Atlantis has praised the performance of its tidal and engineering services division after halving its pre-tax losses in a year.
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.
MeyGen beats new tidal power record, Simec progresses plans for ocean-powered data centre
A Scottish project has passed a new milestone for generating “predictable” renewable energy from a tidal array.
Plans for ‘world’s first’ ocean-powered data centre in Scotland
Plans have been unveiled to build the world’s first ocean-powered data centre in the north of Scotland.
Simec Atlantis raises enough funds to complete £125m highlands takeover bid
Analysts have stated that Simec Atlantis has now raised enough funds to complete its proposed £124.7m takeover of Green Highland Renewables (GHR).
SIMEC Atlantis unveils world’s largest single-rotor tidal turbine
SIMEC Atlantis (SAE) has unveiled designs for the world’s largest single-rotor tidal turbine, which is planned for deployment in Scotland.
Simec Atlantis to award FEED contract for Uskmouth ‘in coming weeks’
Scottish renewable energy firm Simec Atlantis Energy (SAE) expects to award the FEED contract for the conversion of a Welsh coal-fired power plant in the coming weeks.