Tidal nabs 20MW in UK auctionFebruary 10, 2026 Four tidal stream projects totalling 20MW nabbed CfDs in AR7a.
Israeli wave raises $3mBy EBSAugust 14, 2017 Israeli marine developer Eco Wave Power has secured $3m in its latest round of fund raising. The Tel Aviv outfit said it would use the funds to expand its team and to enable faster execution of its 130MW project pipeline. Eco Wave Power will later this month kick off a third fundraising round, which shall be the last prior to its...
MeyGen powers 1GWhBy EBSAugust 9, 2017 Atlantis Resources' 6MW MeyGen Phase 1A tidal array in Scotland's Pentland Firth has generated 1 gigawatt-hour of electricity to the grid. Chief executive Tim Cornelius said: "Yet another milestone has been achieved as we continue to see the vast potential of the world's largest tidal power array realised. "It's extremely rewarding for all those involved to see the fruits of...
Cash boost for Welsh marineBy EBSAugust 8, 2017 Marine Energy Wales has received funding from the Coastal Communities Fund for its marine energy test area (META) project. The project aims to create pre-consented testing areas in the Milford Haven waterway for technology developers to deploy non-grid connected wave and tidal energy devices. The funding will be used to create one new full time job with Marine Energy Wales and...
Atlantis finance chief to leaveBy EBSAugust 4, 2017 Atlantis Resources chief financial officer Simon Counsell is to leave the Scottish tidal developer at the end of the month. Counsell will be replaced by Atlantis' current head of corporate finance Andrew Dagley. "I would like to thank Simon for his support and hard work over the last two years as we have transitioned the finance department from Singapore to...
Tocardo agrees Canadian takeoverBy EBSAugust 3, 2017 Canadian energy project developer Tribute Resources has agreed the takeover of Dutch tidal outfit Tocardo. Tribute will acquire 100% control via a share swap arrangement for the remaining shares in Tocardo having acquired a 46.5% stake in July 2016. Tribute said the short-term objective of the re-organized corporation will be a first deployment in late 2018 of Tocardo's semi-submersible Universal Foundation...
Nova chief joins Ocean EnergyBy EBSAugust 3, 2017 Nova Innovation chief executive Simon Forrest has been appointed to the board of directors at Brussels-based trade body Ocean Energy Europe (OEE). OEE said the tidal developer has become an increasingly prominent player in recent years and the appointment of Forrest would add weight at EU level and help guide the sector towards industrialisation. OEE chief executive Rémi Gruet said:...
