Aquamarine Power sinks with loss of 14 Scottish renewable energy jobs

Aquamarine Aquamarine spent months testing its Oyster 800 device in Orkney sea-trials
Aquamarine Aquamarine spent months testing its Oyster 800 device in Orkney sea-trials

Edinburgh-based marine energy company Aquamarine Power has finally sank with the loss of 14 jobs.

The company went into Administration four weeks ago, but insolvency practitioners BDO has been unable to find a buyer to save the company from being liquidated.

One job has been lost in Belfast, with the remaining jobs disappearing in Edinburgh.

A BDO spokesman said:” Despite a comprehensive marketing process, and after speaking to a number of interested parties, we regret to announce that no offers were made for Aquamarine Power as a going concern, leaving us with no option but to cease to trade the business.”

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