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Assuming all four 1A turbines operate successfully and as anticipated, can anyone give an informed estimate as to the total value of electricity that will be produced over an average twenty-four hour period? And what percentage share of that value will be retained by Atlantis Resources?
BillB, ignore my previous post, the RNS wasn't showing up on my screen for some reason. Does quite clearly state all four installed. thought there would have been a bigger song and dance, but maybe they are finalising all connections and testing before they officially announce 1A to be complete. Job well done I reckon.
is that all four? by my following on Twitter that was number 3, could be mistaken as they have used similar photos for differing tweet, so not entirely sure. Got it in and attached in half an hour, pretty good going, keep it up ARL.
So, I think that makes Stroma a Total Liar.
Hope so. Confirmation of completion of Phase 1a would give us a boost.
Olympic Ares back at work! This could well be the final instalment. Exciting times.
If you had been following twitter and/or MarineTraffic.com you would know that they had clearly installed a minimum of 2 turbines (possibly three). All looking good here.
If you look at the Atlantis twitter feed you will see that installation of turbines in Phase 1A continues.
Couple of observations: Atlantis is not just Meyge; from the recent RNS's that message is conveyed. Some of you really demonstrate a lack of knowledge about renewables and offshore wind in particular. I would suggest some research may be beneficial. Offshore wind IS considerably cheaper and more efficient than tidal; the latter has a load factor of 29% (some of you may be able to work that out from the last RNS, for others it seems that maybe the first research topic) In the first RNS if concerns had been raised with the foundations being floating I may be sympathetic but to focus on offshore wind and ignore the foundation type shows ignorance of the subject to the extreme. Atlantis are seeking to push the spectrum of emerging renewables technologies and that should be applauded, but these areas will take time and will be expensive for a good while and should not be compare do directly with 'conventional' and reasonably mature offshore wind.
To take everybody's mind off Maygen Phase 1 that seems to have ground to a sudden halt with no more said about it. Oh! forgot they didn't they mention at the bottom of the last RNS that they'd learnt a lot from Phase1. Surprising especially after only 1 turbine went in that no more was said, and nobodyseems to want to say anymore about it, well to date anyway. I reckon and my opinion only is Maygen phase 1 was a complete disaster as the frames were too light for the Stroma currents and even with only 1 turbineworking on it, it was possibly in danger of tipping over if any more were installed possibly making a whole years work and the total cost of Phase 1 a complete write off if thety was to happen, but I don't think that could ever happen with all the work and money that went into it and it being designed so well. But I can't help wondering what if they did sadly underestimated the currents around Stroma, that is why I reckon they stated phase 2 ( if it ever even goes ahead now) turbines would be Piled into the sea bed. Again my opinion only what an expensive way to find out. But if so why the complete silence on Maygen phase 1 that was meant to be completed end of Jan. or so they were spouting off last year . Why sing totally dumb on it now ? Was it a disaster ? I'm thinking if it was it would eventually affect the S.P. in a serious way, so better to keep quiet about it, or is it me just being silly thinging these things especially as I know nothing at all about it. Maybe and easier option of floating wind power that works only when the wind blows ? Yes ? No? Not so efficient as tidal power, but then possibly less chance of it being wiped out entirely, which might then take everything that was spent to date on it with it leaving Maygen in a bad way if that ever were to happen. Thank goodness everything is OK now. What I can't understand was why the big sell off after the first turbine went in, must be maybe someone in the know selling all there shares . You know what I mean , is it the sell on news they say on the big success, get out first before others do and the share price then tumbles. I may just buy in here when / if this gets down to around 20p or so in the summertime. I'm sure it will as I have a feeling nothing will happen at Maygen for a long long time now. Or is it just the thoughts of someone who hasn't a clue. I am glad I didn't buy in though when it was up in the 60's glad my " instincts " or at least one of them told me not to, especially if I can buy in in the summer time in the 20's or even hopefully in the high teens or am I being silly and hoping for too much as I have no idea about these things
3 trades all day despite a good RNS shows just how 'off radar' this share is. As more people realise the potential here we should see strong growth.
Great news. Gets better and better. Still below the radar for most PIs so a great level to be in at. The more projects we are involved in the more regular the news flow and the better it gets for share holders.
Another positive RNS about projects and partnerships, will have to have a look into this and see exactly what they need to do.
I see eighteen shares have been purchased anyone know the code for this?
Offshore wind is cheaper than you think and headed much cheaper. It has been cutting costs by 10-12% for 4-5 years now. The last round of offshore wind in the UK was about £110/MWh, the most recent tenders in Europe have dropped to sub £70/MWh. While the next generation of offshore wind is going to be enormous - have you seen the size of the new developments? Have a look at http://www.4coffshore.com/offshorewind/ those square boxes out at sea in the UK (a landmass similar in size to Wales) is up for about 20GW of total capacity. The UK will be a leader in offshore wind for 2 reasons, a) NIMBYs preventing work onshore (christ they're upset enough about turbines 30 miles off the coast), and b) the majority of the water between UK and Europe is shallow-ish (below 35m deep). Off the coast of France for example, the ocean becomes very steep, very quickly, and thus is why the French are focussing on floating technology. Floating is a relative newcomer that has some attached risks (some early design were essentially crap and just sank). I do not know where it is going - but the idea of towing along a mobile turbine to anywhere you like is attractive (if only because planning regs are much less strict if you can remove the structure whenever you like).
Like any good energy matrix diversity is key. Spread the risk against policy change which is renewable energies biggest threat. Looking very good as a medium - long term hold
Don't know about that. If they were talking about standard offshore wind turbines I would agree with you, but they are not. This is about floating offshore wind and the whole point is that it is potentially much more affordable than sticking whopping great turbines in the sea bed. I am all for some diversification which takes advantage of our know how and I don't think they will be taking their eye off the tidal ball, which we can all agree has great advantages in terms of predictability but is also relatively expensive.
Who here is really interested in becoming an offshore wind farmer ? Too expensive, high risk and high maintenance to be worthwhile. ARL should stick to tidal power which has enough potential of its own rather than to lose focus by touting offshore wind which does not generate electricity on a consistent predictable basis. Think they have taken their eye off the ball.
I think it's a great RNS, gives clear indication the board are thinking very long term about the progression here. What it will do is strengthen the energy proposition of both companies in terms of what they can offer. Strong buy here for a longer term investment (not a trade as it appears a slow burner). Gl all
It all adds to the news flow too, which has got to be a good thing.
Floating wind, tidal, lagoons...? Not entirely sure how the finance is derived in this case, it seems to be complementary services to tidal, which could be a very good thing.
If they are getting on with installing the other turbines we should get an RNS soon confirming completion of Phase 1A which will give us a bit of a boost.
And see what the new energy team do, as the brother of our last energy minister is a lobbyist for fracking companies.....
Take articles in the daily mail with a huge pinch of salt, they ran an article a couple of years ago headlining 'my solar panels have increased my electric bill' and had the unfortunate man photographed standing in front of his air source heat pump. Green subsidies have been on the wan for a while, nothing new and it is solar and onshore wind that has taken the brunt of it. We will see what the cfd's being in a couple of months.
Oh, PS apparently that link suggests they have connected the 2nd turbine to the grid and the other two will follow.