SAE Renewables secures CfD for the world leading MeyGen site

Proteus Marine Renewables has announced a memorandum of understanding with SKF Marine and GE Vernova Inc’s power conversion division for a collaborative effort to advance tidal turbine generation systems for commercial tidal stream projects. This partnership

While solar and wind dominate the renewable energy conversation, emerging technologies such as geothermal, ocean energy, and green hydrogen are creating new possibilities for a sustainable future. As demand for clean energy rises, these alternatives are

The MeyGen tidal stream energy project, owned by SAE Renewables (formerly known as SIMEC Atlantis Energy Ltd), aims to advance renewable tidal energy. In 2010, SAE secured an Agreement for Lease for a site at Inner

SKF, Proteus Marine Renewables, and GE Vernova’s Power Conversion division have formalised a memorandum of understanding (MoU) to lay the groundwork for a collaboration that could drive the supply of tidal turbine systems to commercial tidal

The world’s largest climate crisis has ignited a search for renewable energy that extends beyond the familiar terrain of solar panels, wind farms, and hydroelectric plants. Today, scientists, innovators, and entrepreneurs are exploring unexpected, sometimes surprising,

SAE Renewables, a UK-based renewable energy company, has released promising results for the first half of 2024. This period has seen a remarkable boost in revenue, thanks largely to a land sale tied to the Uskmouth

A significant portion of the Earth’s surface, about 70%, is covered by water, with 97.6% of it belonging to the seas and oceans. This vast expanse of water has played a crucial role throughout human history,

SAE Renewables plans to conduct subsea operations at the MeyGen Tidal Array in Scotland’s Pentland Firth in late October. The work is scheduled to take place from October 23 to 26, focusing on the installation of

By 2050, it is estimated that up to 20 GW of long-duration energy storage could be required to ensure the security of energy supply as the increasing reliance on intermittent generation sources continues. With decreasing capital

Strategic progress continues for SIMEC Atlantis’ SAE Renewables, as highlighted by their interim results, which mark a significant phase in the company’s transformation. The new strategic direction focuses on establishing SAE as an independent power producer

Oceans are a vast reservoir of energy, and with the progression of technology, waves and tides have emerged as promising sources of renewable power in the global effort to move away from fossil fuels. Water covers

As global attention shifts towards the need for sustainable energy, the potential of our oceans is coming to the forefront. Wave and tidal energy, which harness the natural movement of seawater, present a largely untapped, renewable

SAE has secured a significant Contract for Difference (CfD) in the latest allocation round for the MeyGen site. These contracts guarantee £172 per megawatt hour (MWh) over a period of 15 years, starting from 31 March

UK renewables auction results have been met with approval by key industry players, especially after six tidal stream projects secured contracts. This success is seen as a positive indicator of growth in the tidal energy sector.