SIMEC Atlantis Energy Limited (DI) (SAE)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 0.85p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.57p
  • 52 Week Low: 0.75p
  • Currency: UK Pounds
  • Shares Issued: 722.81m
  • Volume: 651,521
  • Market Cap: £6.14m
  • RiskGrade: 67

SIMEC Atlantis confirms completion of two MeyGen turbines

By Josh White

Date: Wednesday 19 Dec 2018

LONDON (ShareCast) - (Sharecast News) - Sustainable energy project developer SIMEC Atlantis Energy announced on Wednesday that its offshore construction team had successfully completed the redeployment of two 1.5MW turbines at the MeyGen tidal energy project in Scotland.
The AIM-traded company said the turbines were retrieved for modification work following initial operations, and now that had been successfully completed, leading to the reconnection of all four turbines to the grid.

Since reinstallation of the turbines, the project had exceeded 10,000MWh of cumulative generation and was continuing to set new records for tidal stream arrays, the board claimed

, Director of Atlantis Turbines and Engineering Services Division, said:

"Yet again, we have demonstrated that we can work in all weather conditions, deploying turbines quickly and most importantly, safely," said Drew Blaxland, director of Atlantis Turbines and Engineering Services Division.

"I am immensely proud of our team, our operational partners and the crew onboard the Seabed Stingray. "

Tim Cornelius, chief executive officer of SIMEC Atlantis, added that Blaxland and his team had demonstrated that turbine operations could be conducted safely at all times of the year.

"In my opinion, they are the world's leading tidal energy offshore construction team and the advances they have made in subsea intervention technology and methodologies will contribute significantly to the steep cost reductions we expect to see in the next phase of tidal arrays to be built in the UK, France, Canada and Asia."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SAE Market Data

Currency UK Pounds
Share Price 0.85p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.57p
52 Week Low 0.75p
Volume 651,521
Shares Issued 722.81m
Market Cap £6.14m
RiskGrade 67

SAE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.84% above the market average28.84% above the market average28.84% above the market average28.84% above the market average28.84% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
62.59% below the market average62.59% below the market average62.59% below the market average62.59% below the market average62.59% below the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Income Not Available
Growth
10.86% below the market average10.86% below the market average10.86% below the market average10.86% below the market average10.86% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average

SAE Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
16:14 109,875 @ 0.88p
15:52 2,824 @ 0.89p
14:32 21,189 @ 0.83p
12:01 210,147 @ 0.82p
11:38 106,653 @ 0.88p

SAE Key Personnel

CEO Graham Reid
CFO Simon Hirst

Top of Page