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An update from SIMEC Atlantis Energy Limited ( (GB:SAE) ) is now available.
SAE has secured an £8.5 million loan from Cardiff Capital Region’s Strategic Premises Fund to advance its Afon Wysg 1 Battery Storage project at the Uskmouth Sustainable Energy Park. This project, with a capacity of up to 480MWh, is set to become one of the largest battery storage sites in the UK, contributing to economic, environmental, and social revitalization in the region. The loan will be disbursed in two tranches, with the first allowing SAE to order key components and make early payments, and the second contingent on planning permission for a subsequent project. The loan is structured to be repaid by 2028 through project distributions and land lease monetization.
More about SIMEC Atlantis Energy Limited
SIMEC Atlantis Energy Limited (SAE) operates in the renewable energy industry, focusing on sustainable project development, ownership, and operation. The company is committed to delivering long-term value for its shareholders through a pipeline of sustainable energy projects.
YTD Price Performance: 24.32%
Average Trading Volume: 730,022
Technical Sentiment Signal: Sell
Current Market Cap: £16.99M
For a thorough assessment of SAE stock, go to TipRanks’ Stock Analysis page.