Stakes in Simec Atlantis plummet after firm announces plans to issue 50m new shares
Shares in Simec Atlantis Energy, which operates the MeyGen tidal array in the Pentland Firth, plummeted today.
Simec Atlantis Energy
Scottish marine energy firm builds turbine near Wuhan during pandemic
A Scottish marine energy firm behind the construction of the world’s largest tidal turbine currently being built in the Highlands has announced the completion of another turbine near the epicentre of the Chinese coronavirus outbreak.
Simec Atlantis Energy furloughs workers due to Covid-19 pandemic
Workers have been furloughed at a Highland marine energy firm as it looks to mitigate the fallout of the coronavirus pandemic.
Simec Atlantis Energy wins £1.5m Scot Gov grant for Meygen project
Scottish marine energy firm Simec Atlantis Energy has scooped a £1.5 million grant from the Scottish Government to develop its Meygen tidal turbine project.
Simec Atlantis Energy CFO steps down
The chief financial officer (CFO) of Highland marine energy firm Simec Atlantic Energy is set to stand down form his role.
Simec Atlantis looks to Japanese expansion with new Nagasaki office
A Scottish renewable energy firm is looking to expand its reach into Japan with the creation of a new office in Nagasaki.
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.
Simec Atlantis chief claims ‘cash is good’ despite £3m dip in profit
Simec Atlantis Energy remains in “a good financial position” despite reporting more than £3 million in pre-tax losses for the first half of 2019, according to the boss of the Highland tidal firm.
Simec Atlantis looks to raise £7m with new bond offering
Highland-based tidal energy firm Simec Atlantis Energy has announced it it aiming to raise £7 million with the introduction of a new bond offering.
Scottish marine energy developers could ‘go abroad’ if not backed, policy chief warns
Scottish firms who develop wave and tidal power could "go abroad" if the sector does not receive the financial backing it needs, an energy policy chief has warned.
Simec Atlantis to issue new contracts for power plant conversion
Scottish tidal energy developer Simec Atlantis Energy has announced it will issue new contracts as part of a waste power plant conversion in Wales.
MeyGen tidal turbine looks to churn out 50% more power than nuclear
A Highland tidal project has the potential to generate 50% more energy than the former Dounreay Nuclear plant, according to the boss of the development.
GFG Alliance subsidiary pays Simec Atlantis £5m to get out of hydro deal
Simec, a member firm of GFG Alliance, has announced that it will pay Simec Atlantis Energy £5 million to “extricate” itself from a deal to buy a Highland hydro firm.
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.
‘World’s largest’ tidal turbine to be built in the Highlands
The world’s largest tidal turbine is to be built in the Highlands, according to the boss of an ambitious new marine energy project.
Balmoral subsea centre used for marine mammal tidal turbine testing
Offshore engineering firm Balmoral Group has revealed its Aberdeen subsea centre was the site for new tests examining the interaction between tidal turbines and marine mammals.
Wave and tidal ‘effectively locked out’ of energy market, marine boss claims
Wave and tidal energy are being "effectively locked out" of the renewables sector, according to a marine energy boss.
AREG: Turning the tide
Last month, the Scottish Government revived a £10 million prize fund to boost commercial prospects for tidal energy in Scotland.
Meygen tidal turbine notches up new world record
The Pentland Firth-based Meygen tidal turbine notched up a new world record last night.
Simec Highland Hydro station delivers 20% production boost
A Highland Hydro project has announced a production boost following upgrade work at the site.
Scot Gov to turn the tide on £10m marine energy scheme
The Scottish Government is set to turn the tide on a previously defunct £10 million marine energy scheme.
Simec Atlantis picks supplier for MeyGen connection system
UK-based firm Engineering Technology Applications (ETA) will supply a subsea tidal turbine connection system for the extension of a major tidal array in the Pentland Firth.
Simec Atlantic ‘successfully’ launch two Meygen tidal turbines
A marine energy firm based in Scotland's Pentland Firth has announced the launch of two modified tidal turbines.
Marine energy should be ‘prioritised’ in Scot Gov draft budget, trade body says
The Scottish marine energy sector should be "prioritised" in the Scottish Government's draft budget, according to a renewables trade body.
Simec Atlantis wins big in tidal energy grant funding
A Pentland Firth-based tidal energy project has announced a large-scale grant funding win.