Scottish renewables firm Simec Atlantis Energy (SAE) has posted pre-tax losses of £10.7 million for the six months to June 30. It marks a deterioration in trading from losses of £6.2m a year earlier. SAE, which operates the MeyGen tidal array in the Pentland Firth, said there were a number of factors behind the wider losses. The Edinburgh firm added: “There was reduced revenue performance from the MeyGen project as a result of significant outages in three of its four turbines, which necessitated retrieval for onshore repair.
Press & Journal 28th Sept 2021 read more »