REG - SIMEC AtlantisEnergy - SAE successfully re-deploys tidal turbine

SIMEC Atlantis EnergyAnnouncement

21/03/2022 14:30

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RNS Number : 4805F  SIMEC Atlantis Energy Limited  21 March 2022

 

 

 

RNS

21st March 2022

SIMEC ATLANTIS ENERGY LIMITED
("SAE", the "Company" and, together with its subsidiaries, the "Group")

 

SAE successfully re-deploys world's most powerful tidal turbine

 

 

SAE is pleased to announce the successful re-deployment of its AR1500, 1.5MW
turbine, at its MeyGen site. The turbine has been out of the water for upgrade
and maintenance work. It is now back generating green, predictable
electricity, with no visual impact.

 

The MeyGen site is the largest fully consented tidal stream site in the world
and SAE is continuing to work with Government and industry partners to unlock
its full potential, delivering a 400MW green and predictable power station.

 

With two of the four turbines now fully operational SAE is continuing work on
the re-deployment of the other turbines, which are out the water for
maintenance and repair, and expect them to be back in the water within the
next 12 months.

 

SAE CEO, Graham Reid, commented:

 

"I am extremely proud of the team and all the work that went in to ensure this
successful re-deployment. This is another milestone that demonstrates that the
industry is continuing to learn and develop, and I am delighted that our
turbine is back where it belongs. Our ambition is to deliver more turbines in
the water for the benefit of our business, our economy and the planet and we
continue our work in collaboration with Government and the industry to deliver
this."

 

 

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

 Ben Griffiths

 Arden Partners PLC - Joint Broker           +44 (0) 20 7614 5900

 Ruari McGirr

 Richard Johnson

 Simon Johnson

 

Notes to Editors

 

SIMEC Atlantis Energy

 

SAE 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, and
100 per cent. of the 220MW Uskmouth Power Station conversion project.

 

https://www.simecatlantis.com/ (https://www.simecatlantis.com/)

 

More on the MeyGen Project: https://simecatlantis.com/projects/meygen/
(https://simecatlantis.com/projects/meygen/)

More on the Uskmouth Project:
https://simecatlantis.com/project-development-operation/simec-uskmouth-power/
(https://simecatlantis.com/project-development-operation/simec-uskmouth-power/)

 

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