Ocean Energy Europe has applauded the results of the fourth UK government’s renewables auction, stating that tidal energy can now take its rightful place in the UK’s mainstream electricity supply and calling for EU to follow suit.
SIMEC Atlantis Energy has secured UK government support to deliver the next phase of one of the world’s leading tidal power schemes – the MeyGen tidal energy project.
Scottish floating tidal energy company Orbital Marine Power has been awarded two contracts for difference (CfDs) in the latest renewable energy auction scheme in the UK.
The fourth round of the Contracts for Difference (CfD) scheme has seen the first-ever tidal stream auction winners – Orbital Marine Power, SIMEC Atlantis Energy, and Magallanes Renovables – who will together generate over 40MW of clean power from tides for British homes and businesses.
Sustainable Marine has formed a strategic partnership with Portugal’s blueOASIS to develop a range of ‘SIDS-appropriate’ marine renewable energy solutions that can help unlock the vast ocean energy potential of Small Island Developing States (SIDS).
Wave Energy Scotland (WES) has embarked on a market probing exercise into the techno-economic benefits of shared services and infrastructure for wind and wave energy generation technologies and projects.
Swedish company CorPower Ocean is looking to expand its ‘world-class’ team of ocean energy experts with several new positions up for grabs.
Scottish company Orbital Marine Power has completed the operational finance of the world’s most powerful tidal turbine, securing £8 million (€9.2 million) via the Scottish National Investment Bank and individual investors.
SBS and its state-owned partner Indonesia Power have received expression of interest (EoI) from UK Export Finance Agency (UKEF), confirming multi-million dollar project development financing for a tidal power scheme in Indonesia
Danish company Wavepiston has launched a capital raise, seeking €2 million to advance its wave energy technology to the next level.
Tidal energy company SIMEC Atlantis Energy has widen its losses for 2021, driven by the discontinuation of a power station conversion project and operational difficulties experienced at the MeyGen tidal energy project during the year.
Norwegian company Havkraft has signed an agreement for a project that will use its wave energy technology to provide clean power to a fish farm offshore Norway.
The consortium behind the FLOating RAdar (FLORA) project has held the kick-off meeting to formalize the start of a scheme that will develop and demonstrate an industrial-scale prototype of a multi-purpose ocean station with renewable energy generation and operational oceanography capabilities: the F
SIMEC Atlantis Energy has received approval for its request to amend the debenture deed with Abundance Investment, securing one year extension for the repayment.
