Atlantis, which owns the majority of the MeyGen project – the world’s largest planned tidal current power project being built off Caithness – has been growing its portfolio of tidal power development projects in Scotland via acquisition and is now offering potential investors an interest in its portfolio of tidal power assets.
Consequently, Atlantis – a global leader in the tidal power sector – has appointed Macquarie Capital (Europe) to help develop its tidal power ambitions by reviewing options for attracting strategic, long term investors in its Scottish tidal power portfolio.
Atlantis is on target to become the largest tidal power development company in the world. Its portfolio of Scottish tidal power projects currently includes MeyGen (398MW), Brough Ness (100MW), Mull of Galloway (30MW) and Kyle Rhea (8MW), and the company has ambitions to grow this portfolio in the near future.
Tim Cornelius, Chief Executive of Atlantis, commented: “Britain is leading the way in the development of tidal power and Atlantis is at the forefront having consolidated much of the industry in Scotland and helped to underpin its very bright future.
“Through the engagement of Macquarie Capital, we are bringing on an experienced team of renewable energy infrastructure experts who will work with us to communicate investment opportunities across the Atlantis portfolio to the industrial and financial investor communities in the UK, Europe, Asia and the Americas.”