Renewables – tidal

Atlantis Resources, the tidal energy company behind the MeyGen project being constructed in the Pentland Firth, has reported a maiden annual profit. The group, which also confirmed that MeyGen was on track to deliver first power this year, said the profit of 4.3 million Singapore dollars (£2.1m) – compared with a S$16.2m loss in 2014 – was largely as a result of the gain from the acquisition of Marine Current Turbines from Siemens last year.

Scotsman 27th May 2016 read more »