News / DEME Concessions invests in tidal developer Atlantis

DEME Concessions invests in tidal developer Atlantis

🕔 April 22, 2016
Orion Energy Partners' second fund closes at US$816 million

Atlantis, has agreed to sell a minority stake in Atlantis’s Scottish tidal development company, Tidal Power Scotland Limited (TPSL) to DEME for cash consideration, subject to satisfaction of certain conditions precedent (including procurement of third party consents and agreement with DEME of commercial arrangements in relation to offshore construction works).

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