RNS 1st April12 Jul 2022 10:31
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.
The first of these turbines is scheduled for redeployment in May 2022 and the final turbine will be deployed in March 2023, complete with a retrofitted wet mate connection system, which more than halves the costs of future turbine recoveries and deployments.