Announcements
Final Results Announcement
SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Final Results Announcement SAE announces its final results for the year ended 31 December 2021. A complete version of the Annual Report and Accounts can be found on the Company website. Financial Highlights The MeyGen project generated revenues of £1.6 million…
Read MoreSAE confirms amendment to Debenture Deed
10 June 2022 SIMEC ATLANTIS ENERGY LIMITED(“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE confirms amendment to Debenture Deed Following the update on the 25 May 2022, SAE is pleased to confirm that Atlantis Ocean Energy debenture holders have approved the amendment to the debenture deed which will: Extend the Maturity Date…
Read MoreSAE issues a request to amend Debenture Deed
25 May 2022 SIMEC ATLANTIS ENERGY LIMITED(“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE issues a request to amend Debenture Deed SAE’s subsidiary Atlantis Ocean Energy has issued a communication to its debenture holders passed via Abundance requesting an amendment to the debenture deed which will: Extend the Maturity Date from 30…
Read MoreSAE signs £40m contract for one of UK’s largest Battery Storage Projects at Uskmouth
SIMEC ATLANTIS ENERGY LIMITED(“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE signs £40m contract for one of UK’s largest Battery Storage Projects at Uskmouth SAE is delighted to announce that it has entered an agreement with Energy Optimisation Solutions and Quinbrook Infrastructure Partners via their portfolio company Uskmouth Energy Storage Limited (’UES’)…
Read MoreSAE develops new future for Uskmouth site and releases value from existing asset
28 April 2022 SIMEC ATLANTIS ENERGY LIMITED(“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE develops new future for Uskmouth site and releases value from existing asset SAE is pleased to provide an update on the transition of the Uskmouth site into a sustainable energy park, which as a first step includes plans…
Read MoreSAE in discussions with Abundance Investment Limited regarding Atlantis Ocean Energy PLC debentures
27 April 2022 SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE in discussions with Abundance Investment Limited regarding Atlantis Ocean Energy PLC debentures SAE has entered into discussions with Abundance Investment Limited regarding extending the timing of the repayment of the Atlantis Ocean Energy PLC debentures. As previously…
Read MoreSAE announces new CFO to drive forward the delivery of its projects
25 April 2022 SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE announces new CFO to drive forward the delivery of its projects SAE is pleased to announce that Mr Simon Hirst has been appointed as an Executive Director of the Company and will serve as the Group Chief…
Read MoreSAE secures funding from Scottish Enterprise
SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE secures funding from Scottish Enterprise to get tidal turbines back in the water SAE is delighted to announce that MeyGen has secured a non-convertible loan of £2.5m from Scottish Enterprise, which will enable the redeployment of the remaining two turbines…
Read MoreSAE signs Heads of Terms to progress Uskmouth Sustainable Energy Park
22nd March 2022 SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE signs Heads of Terms to progress Uskmouth Sustainable Energy Park SAE is continuing to progress the development of the Uskmouth site into a sustainable energy park. To facilitate this, SIMEC Group, a c.29.7% shareholder in the Company…
Read MoreSAE successfully re-deploys world’s most powerful tidal turbine
SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE successfully re-deploys world’s most powerful tidal turbine SAE is pleased to announce the successful re-deployment of its AR1500, 1.5MW turbine, at its MeyGen site. The turbine has been out of the water for upgrade and maintenance work. It is now…
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