Marine energy developer Minesto has concluded its warrants program of series TO 2. In total, 98% of outstanding warrants were exercised, which means that Minesto will add approximately SEK44.4 million (US$4.92 million) in proceeds before issue costs to the commercialisation activities of the company’s unique subsea kite technology.
SIMEC Atlantis Energy has announced the formation of a joint venture company, Normandie Hydrolienne, for the purpose of developing a large-scale tidal energy project in the Alderney Race, also known as Raz Blanchard, an eight-mile (13km) strait that runs between Alderney, an island in the English Channel, and La Hague, France.
Swansea Council has announced that it is seeking a partner for the delivery of the Swansea Bay tidal lagoon development. It is inviting both corporates and consortia to submit expressions of interest (EOIs) for Lagoon 2.0 - a re-formatted version of a 320 MW project proposed by Tidal Lagoon Power. In development for several years, the project was terminated earlier this year after the UK government refused to grant it any subsidies.
The Business and Energy Secretary, Greg Clark, of the UK government has announced that the proposed Swansea Bay tidal lagoon, which would generate 320 MW of electricity and cost GBP1.3 billion (US$1.71 billion) to develop, does not meet the department's requirements for value for money, and so the government will not grant any public funds to the project.
BAM International bv has announced it will acquire Strukton International’s majority share in the joint venture Tidal Bridge BV, established in 2015 to develop floating power plants that convert tidal energy into electricity.
Ecotricity has presented the UK government with proposals for two tidal lagoon projects. The lagoons would be located in the Solway Firth, which straddles the border of England and Scotland to the west. They would each produce 380 MW of electricity and cost GBP650 million (US$879.8 million) to develop.
Atlantis Resources has signed a Memorandum of Understanding (MoU) with Xodus Group to develop a tidal energy project in Japan.
Tidal Lagoon Power has secured the grid connection for a 3,240MW capacity tidal lagoon located between Cardiff and Newport. The project is expected to generate among the cheapest electricity of all new power stations in the UK.
The Western Australian government has launched a request for proposals (RFP) for a cutting-edge energy project in Western Australia's Great Southern, the Albany Wave Energy project.
Scotland-based tidal energy developer Nova Innovation has won a major new European tidal energy project, heading a consortium of nine leading industrial, academic and research organisations from across Europe.
Oman Power and Water Procurement (OPWP) has announced it has plans to launch a tender process to develop solar projects in the country.
Atlantis, a global developer of renewable energy projects, has signed a Strategic Partnership Agreement (SPA) with South Korean offshore construction company Hyundai Engineering & Construction Co. regarding collaborating on the development of ocean power renewable projects globally.
Tidal Bridge BV, a joint venture of Strukton International and DEC, has been awarded the Palmerah Tidal Bridge project in Indonesia.
Four wave energy technology developers are to be awarded a total of £2.84 million (US$3.67 million) by Wave Energy Scotland (WES) after successfully competing to join stage two of an innovative technology development programme.
The European Investment Bank (EIB) is considering to grant Atlantis Resources Ltd a €10 million (US$10.64 million) loan for the 6 MW MeyGen Phase 1B tidal stream project in Scotland.
Atlantis has announced that Stroma Tidal Power Limited, the company’s wholly owned project company behind the next phase of the development at the MeyGen site, has confirmed its investment decision to proceed with the development, which is known as Project Stroma (MeyGen Phase 1B).
Orkney Islands Council (United Kingdom) has launched a tender process to select developers for tidal energy generation scheme at Churchill Barriers No. 1 and/or No.2.
Atlantis has announced that DEME Concessions NV, a member of the DEME Group, has now completed its purchase of shares in Tidal Power Scotland Limited (TPSL).
Atlantist has completed the acquisition of Scottish tidal project assets from ScottishPower Renewables (UK) Limited (SPR) in exchange for a stake in Tidal Power Scotland Limited (TPSL).
Atlantis Resources Limited, a developer in the tidal power sector, has raised approximately £6.5 million before expenses through the conditional placing of 11,888,460 new ordinary shares at a placing price of 55 pence per share.