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Atlantis - MeyGen enters 25 year operations phase and Bond exceeds expectations

12/04/2018 · SIMEC Atlantis Energy Ltd (ARL)  · Market cap: £131m · Sector: Electricity

The global leader in the marine power generation sector has announced that Phase 1A of its flagship MeyGen tidal project has now completed the construction phase and has formally entered the 25 year operations phase. At 6MW rated capacity, MeyGen is the world’s largest tidal stream array and now generating meaningful cash for the Group. The five-year bond announced in January 2018 has also proved to be a hit with lenders.


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