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
Simec Atlantis to suspend shares amid reporting delays
Simec Atlantis Energy (SAE) says it will not meet an end of June deadline for publishing its 2022 annual report and has requested a suspension of share trading until it can do so.
Simec Atlantis Energy makes progress on MeyGen project
Simec Atlantis Energy has reported making "good progress" on the first commercial-scale tidal array in the world at its MeyGen site in Scotland.
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.
CfD results a ‘turning point’ for Scottish tidal power
Developers secured support for more than 35 megawatts (MW) of new Scottish tidal stream capacity in the latest Contracts for Difference (CfD) auction, in a move hailed as transformative for the sector.
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.
Simec Atlantis successfully redeploys ‘world’s most powerful tidal turbine’ in Scottish waters
Tidal energy giant Simec Atlantis Energy has successfully completed upgrade and maintenance work on the "world’s most powerful turbine".
Marine energy developers appeal for ‘same opportunity’ as other renewables
A COP26 fringe event saw wave and tidal energy firms praise Scottish government support for the sector, but call for greater certainty to enable commercialisation.
Simec Atlantis Energy board member resigns with immediate effect
Troubled renewables firm Simec Atlantis Energy (SAE) (LON: SAE) has announced that one of its board members has left with immediate effect.
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
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.
Cromarty Firth built tidal turbine passes Japanese pre-use inspection tests
A Scottish built tidal turbine located in Japan has hit another milestone after it passed pre-use inspection tests.
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).
MeyGen tidal project progressing with plans to enter CfD allocation round four
Plans are progressing for the second phase of the world’s largest tidal energy project off the North coast of Scotland.
Talks ongoing with UK Gov to secure support for further rollout of MeyGen
Simec Atlantis Energy is in talks with UK Government to aid the expansion of the world’s largest tidal energy project.
Simec Atlantis successfully installs Scottish built tidal turbine system in Japan
Simec Atlantis Energy (SAE) has successfully installed its Scottish built tidal turbine and generation equipment in Japan.
Cornelius to resign as CEO of Simec Atlantis Energy
Australian businessman Tim Cornelius will resign as chief executive of Scottish renewable energy firm Simec Atlantis Energy (SAE) later this month.
SAE teams with Dutch firm to produce green fuel for power plants
Simec Atlantis Energy (SAE), owner of the MeyGen tidal array in the Pentland Firth, has teamed up with a Dutch firm in a joint venture to produce environment-friendly fuel for converted coal-fired power stations.
Scottish made tidal generation equipment arrives in Japan
Scottish renewable energy firm Simec Atlantis said today the tidal generation system it designed and built has arrived in Nagasaki harbour, Japan.
Renewables industry recognised at virtual Scottish Green Energy Awards
A project helping to alleviate fuel poverty in Orkney and a wildlife reserve in the Highlands were among the winners at Scottish Renewable’s flagship award ceremony.
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.