AN assurance has been given about the MeyGen tidal energy project and its staff despite concerns over one of its shareholders. Sean Parsons, director of external affairs for parent company, Simec Atlantis Energy (SAE), said it is “business as usual ” for the pioneering scheme in the Pentland Firth. He explained that almost 43 per cent of SAE’s shares are owned by Simec UK Energy Holdings Ltd, a member of the GFG (Gupta Family Group) Alliance which owns aluminium and steel plants and has investments around the world. It is reported that a receiver has been appointed for the SUEH shares although that is disputed by SAE. “We are awaiting the outcome of that,” said Mr Parsons. But he stressed that whatever happens will not impact on MeyGen as the shares would likely be transferred to another company or institution.
John O’Groat Journal 20th May 2021 read more »
Perpetuus Tidal Energy Centre (PTEC) has signed an agreement with the developer of the world’s most powerful tidal turbine to bring the Isle of Wight a step closer to producing tidal energy. PTEC has gained offshore consents to place tidal turbines in the sea off the south coast of the Isle of Wight. First to sign up is Orbital Marine Power, developer of the Orbital O2, with an initial target deployment of up to 15MW by the end of 2025.
Maritime Journal 20th May 2021 read more »
Water Power 20th May 2021 read more »