News / DEME Concessions invests in tidal developer Atlantis

DEME Concessions invests in tidal developer Atlantis

🕔 April 22, 2016
Climate Investor One fund achieves third close at US$535 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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