REG - SIMEC AtlantisEnergy - Tidal turbine re-deployment at MeyGen site

SIMEC Atlantis EnergyAnnouncement

23/09/2022 10:45

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RNS Number : 4724A  SIMEC Atlantis Energy Limited  23 September 2022

 

 

 

RNS

23 September 2022

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

 

Tidal energy momentum builds with the latest re-deployment at MeyGen site

 

SAE is pleased to announce the latest turbine re-deployment at its MeyGen
site. The successful re-deployment of the 1.5MW turbine is another critical
step in returning the Phase 1 array to full power and demonstrating tidal
technology at commercial scale.

 

With the latest turbine now back in the water, and the AR1500 re-deployed in
March continuing to exceed expectations, SAE is confident that the MeyGen site
will continue to break records for tidal generation. The site has already
produced c.75% of the global tidal stream generation to date.

 

With 3 turbines now fully operational, SAE remains on schedule to re-deploy
the final turbine in March 2023. The turbine is being retrofitted with a
wet-mate connection system, which more than halves the cost of future
operation and maintenance deployments.

 

SAE is focusing its efforts on the delivery of the next phase of the MeyGen
project, 28MW of tidal power. This project is a world leader and will unlock
the technology for large-scale, commercial deployment around the world. The
site can deliver a 400MW green and predictable power station.

 

 

 

 

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

 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.

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

 

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