SAE secures support to deliver another phase at the world leading MeyGen project

By Admin | September 8, 2023

SAE is delighted to announce that it has successfully secured 4 Contracts for Difference (CfD) in the latest allocation round, for the world leading MeyGen site. These CfD contracts, which guarantees £198 (£/MWh), for 15 years from 31st March 2028 commissioning date, will allow SAE to deliver a total of c.22MW of clean, home-sourced, predictable…

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Update on 2022 Annual Report and Financial Statements

By Admin | June 27, 2023

SAE provides the following update in relation to its audited Annual Report and Financial Statements for its financial year ended 31 December 2022 (the “2022 Annual Report”). SAE will not be in a position to publish the 2022 Annual Report by 30 June 2023, as required by Rule 19 of the AIM Rules for Companies…

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Abundance Bonds update

By Admin | June 21, 2023

Further to the Company’s announcement on 2 June 2023, SAE is pleased to announce that the holders of the AOE17 debentures have approved the proposed amendment to the 2017 debenture deed, which: extends the maturity date from 30 June 2023 to 30 June 2024 (the “Extension Period”); and will pay an enhanced interest for the…

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SAE Renewables issues a request to amend Debenture Deed

By Admin | June 2, 2023

Further to the Company’s announcement on 23 February 2023 regarding the amendments to the debenture deeds, SAE Renewables is today issuing a further communication to the holders of the debentures issued in 2017 through Atlantis Ocean Energy (the “AOE17 debentures”), with the support of Abundance Investment Limited, requesting an amendment to the debenture deed, which…

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SAE update on Abundance Bonds and BESS project

By Admin | March 29, 2023

SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE update on Abundance Bonds and BESS project   Abundance Bonds Further to the Company’s announcement on 23 February 2023, SAE is pleased to announce that Atlantis Future Energy debenture holders have approved the amendment to the 2018 debenture…

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SAE tidal division secures new investment

By Admin | October 21, 2022

SAE is pleased to announce that on 19th October 2022 it agreed to the sale of a majority (approximately 79%) stake in its Advanced Tidal Engineering and Services division (“ATES”) to Proteus Marine Renewables Limited (“Proteus”). This division has been responsible for the design of Atlantis’ tidal turbines to date and the deployment and recovery…

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SAE releases interim results

By Admin | September 30, 2022

SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE releases interim results   SAE announces its unaudited Interim Results for the six months ended 30 June 2022. A complete version of the results can be found on the Company website (www.saerenewables.com/investor-relations/company-documents).   Summary of Results   The overall loss…

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Tidal energy momentum builds with the latest re-deployment at MeyGen site

By Admin | September 23, 2022

SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Tidal energy momentum builds with the latest re-deployment at MeyGen site   SAE is pleased to announce the latest turbine re-deployment at its MeyGen site. The successful re-deployment of the 1.5MW turbine is another critical step in returning the Phase 1…

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SAE achieves milestone in BESS project delivery

By Admin | August 30, 2022

SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE achieves a major milestone in the delivery of one of the UK’s largest BESS projects SAE is pleased to announce that it has secured the necessary grid variations for the 230MW / 460MWh battery energy storage system (BESS) at the…

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