Posts by Atlantis
£51 million MeyGen Financial Close Completed
Atlantis, owner of the world’s largest planned tidal stream energy project, MeyGen Limited (“MeyGen”), is pleased to announce that all conditions have been satisfied under the terms of the funding package announced on 21 August 2014 to enable the drawdown of funding for the project. Financing to fully fund Phase 1A of the MeyGen…
Read More£51 million MeyGen Financial Close Completed
ATLANTIS RESOURCES LIMITED (“Atlantis” or the “Company”) Atlantis, owner of the world’s largest planned tidal stream energy project, MeyGen Limited (“MeyGen”), is pleased to announce that all conditions have been satisfied under the terms of the funding package announced on 21 August 2014 to enable the drawdown of funding for the project. Financing to…
Read MorePower purchase deal struck for world’s biggest tidal array
The developers of the world’s biggest tidal array have signed a multi-million pound deal to sell electricity generated by the Scottish project. MeyGen has signed the 10-year Power Purchase Agreement (PPA) with independent energy firm SmartestEnergy for its tidal stream project in the Pentland Firth. The agreement could be worth more than £50m over its…
Read MoreMeyGen tidal project signs the UK’s largest marine energy lease
Atlantis, owner of the world’s largest planned tidal stream energy project, MeyGen, today announces that it has signed a 398MW, 25-year seabed lease with The Crown Estate. The lease was secured after MeyGen satisfied the extensive development obligations contained within its five-year Agreement for Lease (“AfL”), which was signed in October 2010. It is the…
Read MoreMeyGen Project Signs the UK’s Largest Marine Energy Lease
ATLANTIS RESOURCES LIMITED (“Atlantis” or the “Company”) Atlantis, owner of the world’s largest planned tidal stream energy project, MeyGen, announces that it has signed a 398MW, 25-year seabed lease with The Crown Estate. The lease was secured after MeyGen satisfied the extensive development obligations contained within its five-year Agreement for Lease (“AfL”), which was signed…
Read MoreJames Fisher Marine Services Ltd (JFMS) selected as supply chain partner to commence marine installation of the world’s largest commercial tidal energy array
JFMS selected by MeyGen Limited (MeyGen) to complete the offshore marine installation elements of the initial stage of the project (Phase 1A) that includes the installation of 4 X 1.5 megawatt turbines, support structure and export cables. Follows agreement of funding package by MeyGen to commence the construction of the world’s largest tidal stream development…
Read MoreAtlantis signs £7.5 million contract with the ETI to expand tidal energy project in Scotland
ATLANTIS RESOURCES LIMITED (“Atlantis” or the “Company”) Atlantis, owner of the world’s largest planned tidal stream energy project, MeyGen, has been awarded a £7.5 million two year contract with the UK’s Energy Technologies Institute (“ETI”) to deliver a multi-turbine foundation structure which will support a further two turbines at the Atlantis-owned MeyGen tidal stream array…
Read MoreAtlantis Resources’ financing for MeyGen
From Proactive Investors – Shares in Atlantis Resources (LON:ARL) surged over 10% in early deals on Friday after it emerged the group had agreed a more than £50mln funding package for the first phase of its MeyGen project in Scotland Pentland Firth. The project is set to be the globe’s largest tidal energy operation, and…
Read MoreUK leads marine energy revolution as world’s largest tidal stream project agrees investment to begin construction in Scotland
MeyGen agrees terms for a funding package to finance Phase 1A of the MeyGen project. The funding syndicate includes: the Department of Energy & Climate Change, Scottish Enterprise via the Renewable Energy Investment Fund (delivered by the Scottish Investment Bank), Highlands and Islands Enterprise, The Crown Estate, and Atlantis Resources Ltd. 21st August 2014:…
Read MoreMeyGen Project Financing Package Agreed for Phase 1A
ATLANTIS RESOURCES LIMITED (“Atlantis” or the “Company”) MeyGen Project Financing Package Agreed for Phase 1A Atlantis, owner of the world’s largest planned tidal stream energy project, MeyGen, announces that it has agreed terms with a funding syndicate for a funding package for Phase 1A of the MeyGen project. Total project funding package, which is a…
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