RCS - SIMEC AtlantisEnergy - Operational Update

SIMEC Atlantis EnergyAnnouncement

15/02/2021 07:06

RNS Number : 0208P
  
SIMEC Atlantis Energy Limited
  
15 February 2021
  
 

 
 
RNS Reach 
15 February 2021 
SIMEC ATLANTIS ENERGY LIMITED
("SAE", the "Company" and, together with its subsidiaries, the "Group")
SAE achieves another tidal milestone with installation and successful generation of tidal turbine in Japan
 
SAE, the global sustainable energy generation company and technology developer, is pleased to announce that its Scottish built tidal turbine and generation equipment have been successfully installed in the Goto Island chain in Japan. The tidal turbine clocked its first 10MWh of generation within the first ten days of operation and is now producing clean electricity in Japan. 
 
The project included leasing tidal generation equipment and providing offshore construction services to Kyuden Mirai Energy ("KME") for a pilot turbine located in the straits of Naru Island, within the southern Japanese Goto island chain. The SAE designed and manufactured AR500 tidal turbine was assembled at SAE's operations and maintenance base at Nigg Energy Park in Scotland. The turbine was assembled and tested in nine weeks before shipping to Japan.
 
Offshore construction of the tidal generation equipment took just five days to complete, beginning with the laying of the cable, landing of the foundation structure and ballast to the sea floor, connection of the cable, and finally the installation of the turbine to the foundation. 
 
Graham Reid, CEO of SAE, said:
 
"We are proud of our team, who worked efficiently and most of all safely during a worldwide pandemic, to bring tidal stream energy to Japan. Throughout the project we have also received great support from our strategic partner, KME, who was supported by a consortium of local and international stakeholders. I would also like to recognise the work of the Scottish Government who continue to support and champion the tidal industry and maximise the benefits to Scotland.
 
This is a huge milestone for the deployment of clean, renewable energy from tidal stream and we hope it will be the first of many tidal turbines installed in Japan."
 
Scotland's Energy Minister, Paul Wheelhouse, said:
 
"For over 10 years the Scottish Government has championed the development and deployment of marine energy. We have worked extensively to support the research, development, innovation and demonstration that has made Scotland a global leader in both tidal and wave technology, with several World firsts and initiatives having been progressed in Scotland's waters. 
 
"I would like to congratulate Simec Atlantis Energy on achieving this significant milestone for the company and also for the workers at Nigg Energy Park who built the turbine which is now successfully generating clean, green electricity in Japan. Both the company and the team at Nigg have demonstrated the huge potential for Scotland's marine energy and the key role it will play in decarbonising our energy both at home and - as demonstrated by this turbine's successful deployment in Japan - across the World and I look forward to Scotland's marine energy potential having a further shop window to the international community when delegates gather in Glasgow for COP26, later this year."
 
For more information please contact:
 



SIMEC Atlantis Energy Limited


+44 (0) 7739 832 446




Sean Parsons, Director of External Affairs


 




Investec Bank PLC - NOMAD and Joint Broker


+44 (0) 20 7597 5970




Jeremy Ellis
Sara Hale
Ben Griffiths








 
Arden Partners PLC - Joint Broker


 
+44 (0) 20 7614 5900




 
Ruari McGirr
Richard Johnson
Simon Johnson 
 







 
Notes to Editors
 
SIMEC Atlantis Energy
 
Atlantis is a global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development. This includes a 77 per cent. stake in the world's largest tidal stream power project, MeyGen, 100 per cent. of the 220MW Uskmouth Power Station conversion project and 100 per cent. of Green Highland Renewables, a leading developer of mini-hydro projects.
 
https://www.simecatlantis.com/
 
More on the MeyGen Project: https://simecatlantis.com/projects/meygen/
More on the Uskmouth Project: https://simecatlantis.com/project-development-operation/simec-uskmouth-power/
 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
NRAGPUPPPUPGUBC