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SAE brings full power to MeyGen tidal stream site
SAE is pleased to announce that, following the successful deployment of turbine 4, the world leading MeyGen tidal stream site now has all four turbines fully operational. This means that the site is now at full power for the first time, delivering 6MW of predictable, renewable power. Since deployment in 2016 the turbines operated by…
Read MoreSAE receives the penultimate milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”)
SAE is pleased to announce it has received the penultimate milestone payment of £1.5m under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE to EL, for a milestone-linked total gross cash consideration…
Read MoreSAE working with biggest names in sector towards delivery of the next phase of the MeyGen project
Further to the announcement by Proteus Marine Renewables (PMR) that it has signed an MoU with SKF Marine and GE Vernova’s Power Conversion business (the “Alliance”), setting out a framework for the supply of tidal turbine generation systems (TTGS) to developers of tidal arrays for commercial, multi-megawatt tidal stream projects, SAE is pleased to announce…
Read MorePoliticians see first-hand the scale, opportunity and regeneration of the Uskmouth site
SAE was delighted on Friday 1 November 2024, to welcome Jessica Morden, the Member of Parliament for Newport East, John Griffiths, the Member of the Senedd for Newport East, and Dimitri Batrouni, the Leader of Newport City Council, to the Uskmouth site. SAE Chairman, Duncan Black, and CEO, Graham Reid, along with senior SAE team…
Read MoreSAE Investor Presentation via Investor Meet Company
SAE is pleased to announce that the Company’s CEO Graham Reid, CFO Simon Hirst, COO David Taaffe and Director of External Affairs Sean Parsons will provide a live presentation and Q&A session via Investor Meet Company on 23 Oct 2024, 10:00 BST. The presentation is open to all existing and potential shareholders. Questions can be…
Read MoreSAE launches updated website and new logo
SAE launches updated website and new logo SAE is pleased to announce that it has launched a refreshed website and new logo, reflecting the company’s evolution and new strategy. The new logo and website are designed to reflect the new strategy to move to become a full Independent Power Producer delivering Battery storage and tidal…
Read MoreInterim results
Interim results By Admin | September 26, 2024 Interim results SAE announces its unaudited interim results for the six months ended 30 June 2024. A complete version of the interim results can be found on the Company website (www.saerenewables.com/investor-relations/company-documents). Key Highlights SAE received £7.0 million from the land sale contract with EL (Uskmouth) Ltd SAE acquired 100% ownership…
Read MoreSAE secures support to deliver more capacity at the world leading MeyGen project
SAE secures support to deliver more capacity at the world leading MeyGen project SAE is pleased to announce that it has secured a Contract for Difference (“CfD”) in the latest Allocation Round (“AR”), for the world leading MeyGen site. These CfD contracts, which guarantee 172 (£/MWh), for 15 years from 31st March 2029, the target…
Read MoreSAE has been provided with London Stock Exchange’s Green Economy Mark
SAE has been provided with London Stock Exchange’s Green Economy Mark SAE is pleased to announce that the London Stock Exchange has provided it with the Green Economy Mark. The Green Economy Mark, first introduced in 2019, was created to assist investors in identifying an investible universe of ‘green economy’ equities. The Green Economy Mark…
Read MoreSAE takes full ownership of 120MW/240MWh BESS project at Uskmouth
SAE takes full ownership of 120MW/240MWh BESS project at Uskmouth SAE has achieved the next step in delivering its ‘Building a Sustainable Future to 2035’ strategy by taking full ownership of the 120MW Battery Energy Storage System (“BESS”) project at the Uskmouth Sustainable Energy Park (“USEP”). According to the Company’s latest estimates, the BESS project…
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