RE: Meygen April output25 Jul 2022 11:12
too low, people should sell here, hmm
SAE secures funding from Scottish Enterprise to get tidal turbines back in the water
1) SAE is delighted to announce that MeyGen has secured a non-convertible loan of £2.5m from Scottish Enterprise, which will enable the redeployment of the remaining two turbines at the MeyGen site within the next 12 months. This follows the successful deployment in March 2022 of the AR1500, 1.5MW tidal turbine.
2) SAE signs £40m contract for one of UK's largest Battery Storage Projects at Uskmouth
SAE is delighted to announce that it has entered an agreement with Energy Optimisation Solutions and Quinbrook Infrastructure Partners via their portfolio company Uskmouth Energy Storage Limited
£11M initial payment
2) Gov farm -out agreement
"The significance of today's announcement cannot be downplayed. We are going to be delivering the world's first commercial scale tidal array and we now have a clear runaway, with future CfD rounds, to deliver the full c400MW of tidal power generation at MeyGen. I can't thank enough all those who have championed, supported, and invested in our business to achieve this milestone. Our absolute focus will be on the delivery of this project."