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Results reflect a very eventful year – plenty more excitement to come!

03/06/2016 · SIMEC Atlantis Energy Ltd (SAE)  · Market cap: £62m · Sector: Electricity

The financial statements for the year ending 31st December 2015 reflect a very eventful year for the vertically integrated turbine supplier and project owner in the tidal power industry. Following a year of considerable progress on numerous fronts, Atlantis now has the biggest portfolio of agreements for lease for UK project sites, and is actively looking to build their pipeline in Asia, North America and Australasia. With first power anticipated from MeyGen later this year this business at the forefront of tidal energy has a very exciting few months ahead, which will hopefully bring further joy to shareholders.

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