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.
Atlantis has announced that it has entered into a Memorandum of Understanding (MOU) with SBS, a privately owned international marine, subsea and renewable energy developer which has been studying the potential of ocean energy resources for tidal-stream devices around the Indonesian archipelago.
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).
Atlantis Resources Limited, a global developer in the tidal power sector, has recently announced that it has entered into a partnership agreement with Equitix, a market leading developer, investor and fund manager of infrastructure assets with over £1.7 billion (US$2.4 billion) of funds under management.
The Gupta family which have been investing heavily in UK energy and industrial assets over recent months, have committed to an eight-figure investment over time in the development of tidal lagoon power plant in the UK and India.
Atlantis, a company focused on the tidal power sector, has announced the appointment of Cameron Smith, as Director of Project Development.
Atlantis has agreed to acquire two projects from ScottishPower Renewables for its Scottish tidal development company, Tidal Power Scotland.
Atlantis, the tidal power sector developer, has announced that it has engaged Macquarie Capital to help develop its tidal power ambitions by reviewing options for attracting strategic, long term investors in its Scottish tidal power portfolio.
Aquamarine Power, a wave energy company, has appointed administrators to manage the business and to seek a sale or investment via the administration process.
Atlantis, a global leader in the tidal power sector, has announced that the European Commission’s Climate Change Committee has approved the transfer of €17 million of funding from the Kyle Rhea project to Atlantis’s MeyGen project, the world’s largest planned tidal stream energy project.
Tidal Lagoon Power, the company in charge of building and operating the Swansea Bay Tidal Lagoon, has announced that work on the project has been delayed to spring 2017 because the government is taking “longer than expected” to finalise a contract for difference (CfD).
UK-based Mosscliff Environmental and Dutch tidal energy developer Tocardo have teamed up and raised US$200 million for their joint tidal venture, MT Tidal.
Tidal Lagoon Swansea Bay Plc have launched a tendere process for three main operations and maintenance (O&M) contract packages to support the £1 billion (US$1.4 billion) 320 MW tidal lagoon project in Swansea Bay, Wales.
The UK government has given planning consent for construction of the 320 MW tidal lagoon project in Swansea Bay, Wales.
China Harbour Engineering Company Ltd (CHEC) has been selected as the preferred bidder to provide marine works for the £1 billion Swansea Bay Tidal Lagoon project in UK.