UK: Alstom Acquires Tidal Generation Limited

Pinsent Masons, an international law firm, has advised Alstom to acquire Bristol-based Tidal Generation Limited (TGL), equities.com reports.

TGL is at the forefront in the design, development and manufacture of tidal stream turbines for the capture and conversion of tidal energy to electrical power.

This acquisition will reinforce Alstom’s position in renewable energy and is expected to be completed within the next few months.

The company is currently developing the next generation 1MWe tidal stream turbine, in partnership with the Energy Technologies Institute (ETI). This project aims to collect and publish significant data in order to further the tidal energy industry as a whole.

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Subsea World News Staff, October 02, 2012;  Image: TGL