Last checked at 19 Nov 2015 07:00
19 November 2015
ATLANTIS RESOURCES LIMITED
("Atlantis" or the "Company")
Engagement of Macquarie Capital (Europe)
Atlantis, a global leader in the tidal power sector, is pleased to announce that it has engaged Macquarie Capital (Europe) Limited to help develop its tidal power ambitions by reviewing options for attracting strategic, long term investors in its Scottish tidal power portfolio.
Atlantis, which owns the majority of the MeyGen project, the world's largest planned tidal current power project, has been growing its portfolio of tidal power development projects in Scotland via acquisition and can now offer potential investors an interest in a unique portfolio of tidal power projects.
Atlantis is on target to become the largest tidal power development company in the world, and its portfolio of Scottish tidal power projects currently includes MeyGen (398MW), Brough Ness (100MW), Mull of Galloway (30MW) and Kyle Rhea (8MW), and the Company has ambitions to grow this portfolio in the near future.
Tim Cornelius, CEO of Atlantis, commented:
"Britain is leading the way in the development of tidal power and Atlantis is at the forefront having consolidated much of the industry in Scotland and helped to underpin its very bright future. Through the engagement of Macquarie Capital, we are bringing on an experienced team of renewable energy infrastructure experts who will work with Atlantis to communicate investment opportunities across the Atlantis portfolio to the industrial and financial investor communities in the UK, Europe, Asia and the Americas."
Mark Dooley, Head of Infrastructure, Utilities and Renewables, Macquarie Capital Europe, commented:
"Macquarie Capital is pleased to partner with Atlantis Resources, a leader in the tidal stream sector. Macquarie Capital has a long history of matching institutional capital to infrastructure projects, and we look forward to working with Atlantis to bring strategic, long term investors into their unique portfolio".
For further information please contact:
Atlantis Resources Limited | via FTI Consulting |
Tim Cornelius, Chief Executive Officer | |
Peel Hunt LLP (Nominated Adviser and Broker) | +44 (0) 20 7418 8900 |
Daniel Harris / Jock Maxwell MacDonald | |
FTI Consulting | +44 (0) 20 3727 1898 |
Ben Brewerton / Alex Beagley / James Styles |
About Atlantis Resources
Atlantis Resources Limited is a vertically integrated turbine supplier and project developer in the tidal power industry. The Atlantis group holds equity positions in a diverse portfolio of tidal stream development projects, which includes a stake of 85% in MeyGen Limited, the company developing the MeyGen project in Scotland.
The MeyGen project is the largest consented tidal stream power project in Europe, and is scheduled to commence generation in 2016.
Alongside its project development interests, Atlantis owns a portfolio of patents and patent applications relating to tidal power generation and sells tidal generation equipment and engineering services to third party developers as well as its own projects. The Atlantis Group, which is revenue generating, also conducts industrial research and development, and provides specialist consulting services globally.
Atlantis Resources was admitted to AIM on 20 February 2014.
(www.atlantisresourcesltd.com)
About Macquarie
Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie operates in 29 countries and employs more than 13,500 people. Assets under management total approximately €317 billion at 30 September, 2015.
Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. As a leading global adviser in the infrastructure, utilities and renewables sector, they have advised on 127 infrastructure-related transactions worth more than £27 billion in the year ended 31 March 2015. Macquarie Capital has funded and/or advised on more than 5,800MW of diversified renewable energy projects to date.