SIMEC Atlantis Energy Limited (GB:SAE) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
SIMEC Atlantis Energy Limited (SAE) has successfully secured a Contract for Difference, facilitating a capacity increase of approximately 9MW for its MeyGen project in Scotland. The project, which has already produced more energy than any other tidal stream site globally, will reach a development size of 59MW with the addition of this new phase to the existing 6MW. SAE is actively engaging with global partners to realize this expansion, aiming to bolster the UK’s renewable energy production.
For further insights into GB:SAE stock, check out TipRanks’ Stock Analysis page.