SIMEC Atlantis Energy Limited MeyGen Operational Update (9022K)
19 December 2018 - 6:00PM
UK Regulatory
TIDMSAE
RNS Number : 9022K
SIMEC Atlantis Energy Limited
19 December 2018
The information contained in this announcement is inside
information under the Market Abuse Regulation (EU) No 596 / 2014.
The person responsible for arranging the release of this
announcement on behalf of Atlantis is Tim Cornelius, Chief
Executive Officer of SIMEC Atlantis Energy.
19 December 2018
SIMEC Atlantis Energy Limited
("Atlantis" or the "Company")
MeyGen Operational Update
SIMEC Atlantis Energy, a world leading developer of sustainable
energy projects, is pleased to announce that its offshore
construction team has successfully completed the redeployment of
two 1.5MW turbines at the MeyGen tidal energy project in
Scotland.
The turbines were retrieved for modification work following
initial operations, and now that this has been successfully
completed all four turbines are reconnected to the grid. Since
reinstallation of these turbines the project has exceeded 10,000MWh
of cumulative generation and continues to set new records for tidal
stream arrays.
Drew Blaxland, Director of Atlantis Turbines and Engineering
Services Division, said:
"Yet again, we have demonstrated that we can work in all weather
conditions, deploying turbines quickly and most importantly,
safely. I am immensely proud of our team, our operational partners
and the crew onboard the Seabed Stingray. "
Tim Cornelius, CEO of SIMEC Atlantis, said:
"Drew and his team have demonstrated time and time again that
turbine operations can be conducted safely at all times of the
year. In my opinion, they are the world's leading tidal energy
offshore construction team and the advances they have made in
subsea intervention technology and methodologies will contribute
significantly to the steep cost reductions we expect to see in the
next phase of tidal arrays to be built in the UK, France, Canada
and Asia".
Enquiries:
SIMEC Atlantis Energy Limited via FTI
Tim Cornelius, Chief Executive Officer
Andrew Dagley, Chief Financial Officer
Cantor Fitzgerald Europe
(NOMAD and Joint Broker to Atlantis) +44 (0)20 7894 7000
Rick Thompson
Richard Salmond
David Porter
Macquarie Capital (Europe) Limited
(Joint Broker to Atlantis) +44 (0)20 3037 2000
Nick Stamp
FTI Consulting +44 (0)20 3727 1000
Ben Brewerton
Alex Beagley
James Styles
Molly Stewart
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END
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