Photo: Illustration/MAKO tidal turbine (Courtesy of MAKO Tidal Turbines/Archive)

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Australian tidal firm faces choppy waters

Tidal energy project and technology developer Mako Tidal Turbines has filed for bankruptcy in Australia as it failed to record any generated income to date.

Illustration/MAKO tidal turbine (Courtesy of MAKO Tidal Turbines/Archive)

The Sydney-based company has appointed Adam Preiner as an administrator to handle the process on 17 September, 2020, according to Integra Restructuring & Insolvency, a chartered accountant firm that specialises in corporate insolvency.

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