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.
tidal energy
MPs demand £71m tidal pot in upcoming CfD
Ministers at the Department for Business, Energy and Industrial Strategy (BEIS) faced a series of questions from Scottish MPs on support for tidal energy, with just weeks to go before the upcoming Contracts for Difference (CfD) auction.
Tidal stream could generate 11% of UK’s electricity demand – but support needed now
A new study finds that tidal stream power could reach 11.5 GW of installed capacity by 2050, but that time is of the essence if this resource is to be realised.
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.
Nova Innovation handed £6.4m to fund manufacturing of tidal turbines
Scottish tidal energy firm Nova Innovation has been handed £6.4 million to fund manufacturing and distribution of its subsea turbines.
World’s most powerful tidal turbine starts generating electricity off Orkney
The “world’s most powerful tidal turbine” has started generating electricity via the grid in Orkney.
Franco-Scottish duo team up for tidal energy expansion
A Franco-Scottish alliance has been formed to speed up the deployment of commercial tidal energy schemes in both countries.
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.
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.
EMEC completes tidal decommissioning study
A project in Orkney aimed at reducing the costs of decommissioning offshore renewables developments has been completed.
Researchers hopeful Scottish drone study could ‘revolutionise’ marine renewables industry
Tidal energy developers could soon be using drones to determine the best spots for placing underwater turbines.
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.
Edinburgh-headquartered Sustainable Marine unveils floating tidal energy platform
Scottish renewable energy firm Sustainable Marine is pushing on with plans to deliver the world’s first floating tidal array after unveiling its next-generation platform.
Nova Innovation announces trio of new board appointments
A Shetland-based tidal energy firm has announced a trio of new appointments to its board.
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.
Marine energy tech to support Scottish salmon farmers
Technology developed for the marine energy industry may help salmon farmers operate in more remote locations and reduce their environmental impact, according to the partners in an innovative research project.
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.
Nova Innovation competes tidal turbine able to cut technology costs by 30%
A Shetland marine energy firm has completed construction on a new incarnation of tidal turbine, able to cut costs by around 30%.
Scottish marine energy sector must be ‘nurtured’ to be commercial success, Malin Group says
A Scottish engineering firm has called on the UK and Scottish governments to create “crucial” connections to help the country’s marine energy sectors.
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 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.