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€17m of EC funding further de-risks things for shareholders

16/10/2015 · SIMEC Atlantis Energy Ltd (SAE)  · Market cap: £62m · Sector: Electricity

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The global leader in the tidal power sector, has announced that the European Commission’s Climate Change Committee has approved the transfer of €17m of funding from the Kyle Rhea project to Atlantis’s MeyGen project, the world’s largest planned tidal stream energy project. This additional funding evidently de-risks the project for Atlantis equity holders.

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