SIMEC Atlantis Energy up to secure contract of more turbines at MeyGen

Ampeak Energy

08/09/2023 09:00

** SIMEC Atlantis Energy's shares  SAE.L  up 17% at 1.2p 
    ** SAE secured 4 Contracts for Difference (CfD) in the
latest allocation round for MeyGen site in Scotland
    ** CfD will allow SIMEC to deliver a total of c.22MW of
clean, home-sourced, predictable power at MeyGen
    ** SIMEC had also secured contract to deliver 28MW last year
    ** With the projects in parallel, SAE will deliver 50MW
tidal stream array, in addition to the 6MW already operational
    ** Up to Thursday's close, stock down ~12% YTD