ATLANTIS SIGNS CANADIAN MARINE ENERGY LEASE
ATLANTIS RESOURCES LIMITED (“Atlantis” or the “Company”) Atlantis announces that it has signed a 10-year (extendable) seabed Sublease with the Fundy Ocean Research Center for Energy in Nova Scotia, Canada (“FORCE”). The Sublease provides Atlantis a berth for tidal turbine deployment in the Bay of Fundy, within the demised area of seabed allocated to FORCE…
Read MoreBay of Fundy tidal project draws closer to power generation
Nova Scotia is one step closer to connecting the power of the Bay of Fundy tides with the grid. The Fundy Ocean Research Centre for Energy announced it successfully installed the second of four underwater cables in the Minas Passage on Sunday. “What this project means for FORCE is that it’s the final piece of…
Read MoreInterim Results for period ended 30 June 2014
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 its Interim Results for the six months to 30 June 2014. Click here to download the full report. Highlights MeyGen Project In September, MeyGen achieved financial close of a £51…
Read More£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 More