Bond repayment update and AIM Rule 26 website change
SIMEC Atlantis Energy Limited (“SAE Renewables”, the “Company” and, together with its subsidiaries, the “Group”) Bond repayment update and AIM Rule 26 website change SAE Renewables (AIM: SAE) is today issuing a communication to its bondholders outlining its plans for repayment of its three 5-year debentures, issued through Atlantis Future Energy (“AFE”) and Atlantis Ocean…
MeyGen site generates the world’s first 50GWh of electricity from tidal power
I’m excited to announce a significant milestone for our MeyGen project, for the industry and on our net zero and energy security journey. During the early hours of this morning, and with only marine life for company, our tidal stream array off the coast of the Pentland Firth became the first tidal stream array in…
Appointment of Nominated and Financial Adviser
SIMEC Atlantis Energy Limited (“SAE Renewables”, the “Company” and, together with its subsidiaries, the “Group”) Appointment of Nominated and Financial Adviser SAE Renewables (AIM: SAE) is pleased to announce the appointment of Strand Hanson Limited as the Company’s Nominated and Financial Adviser with immediate effect. Zeus Capital Limited will be the Company’s sole broker.…
Change of Adviser
SIMEC Atlantis Energy Limited (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Change of Adviser SAE today announces the appointment of Zeus Capital Limited as Joint Broker, with immediate effect. This follows the completion of the acquisition of Arden Partners plc by Zeus Group Limited on 16 January 2023. For further…
Battery Energy Storage Project at Uskmouth receives conditional planning consent
SAE is pleased to announce that the planned 230MW / 460MWh battery energy storage system at the Uskmouth site has been granted planning consent with conditions by Newport City Council. As announced on 24 May 2022, SAE has been working with Energy Optimisation Solutions (“EOS”) and Quinbrook Infrastructure Partners, via their portfolio company Uskmouth Energy…
DELIVERY OF NEXT PHASE OF THE WORLD-LEADING MEYGEN PROJECT CONTINUES AT PACE
SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Delivery of next phase of the world-leading MeyGen project continues at pace SAE, the global leader in tidal energy, is continuing to make good progress in the delivery of the first commercial-scale tidal array in the world at its MeyGen site…
SAE tidal division secures new investment
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…
SAE releases interim results
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…
Tidal energy momentum builds with the latest re-deployment at MeyGen site
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…
SAE achieves milestone in BESS project delivery
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…