A new investment in Scotland is being hailed as a breakthrough in the attempt to attract funds into Britain’s nascent tidal power sector. Equitix, the infrastructure investor, plans to put more than £100m into Scottish tidal power over the next two years in partnership with Atlantis, a leading developer. The deal is a significant boost to Atlantis, which expects to begin generating electricity this summer from its MeyGen scheme in the Pentland Firth, billed as the world’s largest tidal stream project under construction. Tim Cornelius, Atlantis CEO, told the Financial Times that the deal with Equitix, which has more than £1.7bn funds under management, would help pave the way for other investors to get involved in the nascent UK tidal sector.
FT 4th April 2016 read more »