Power & Energy Solutions

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Floating offshore wind technology leader Ideol and Elicio, a leading offshore wind farm developer and operator, have decided to join forces to co-develop floating wind projects in Scottish waters. Ideol and Elicio are currently preparing a joint offer for the upcoming ScotWind leasing to be launched by Crown Estate Scotland. Ideol has a proven track record demonstrating a unique expertise and unparalleled high local employment and high local sourcing capabilities with two floating wind turbines operating successfully on two different continents (Europe and Asia) since 2018. With this partnership, Ideol confirms its in- house capabilities and ambitions to take on floating wind projects from the early-stage development phase. Moreover and with its exceptionally compact, shallow-draft and market-transforming Damping Pool® technology, Ideol confirms once again that a floater built in concrete in local harbors offers the only opportunity to combine cost-competitiveness, serial production and real local development. Elicio is among the reference partners in the Norther and Otary offshore wind projects in the Belgian Nord Sea. With Norther (370 MW ~ 50 % Elicio) and Rentel (309 MW ~ 12.5 % Elicio), Elicio has two operational offshore wind farms covering the needs of almost 250.000 families yearly. Elicio is also participating in the

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SIMEC Atlantis Energy Limited ("Atlantis"), is delighted to announced that it has signed a contract to supply tidal generation equipment and offshore construction services to Japan’s Kyuden Mirai Energy (“KME”) for a demonstration project in Japan. The project, located in the straits of Naru Island within the southern Japanese Goto island chain, has a total budget of 1,800m¥. The project will seek to capitalise on Japan’s wealth of tidal resources which are some of the best in the world. The prefecture of Nagasaki has over 900 islands alone located in tidal rich waters. The Atlantis Turbine and Engineering Services Division (“ATES”) will supply and install an AR-Series turbine and  associated balance of plant. The system will be deployed at site in the Nagasaki Prefecture initially in a demonstration capacity, operating at a reduced generation output of around 500kW, as a data collection and validation device for the client and Japanese regulatory bodies. Atlantis expects to deliver and install the tidal generator by late Q3 2020, with completion of the demonstration in Q1 the following year. The possibility to upgrade the project to full output post successful completion remains, subject to approval. In an industry first, Atlantis will be exporting Scottish tidal generation

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SIMEC Atlantis Energy Limited ("Atlantis"), is delighted to announced that it has signed a contract to supply tidal generation equipment and offshore construction services to Japan’s Kyuden Mirai Energy (“KME”) for a demonstration project in Japan. The project, located in the straits of Naru Island within the southern Japanese Goto island chain, has a total budget of 1,800m¥. The project will seek to capitalise on Japan’s wealth of tidal resources which are some of the best in the world. The prefecture of Nagasaki has over 900 islands alone located in tidal rich waters. The Atlantis Turbine and Engineering Services Division (“ATES”) will supply and install an AR-Series turbine and  associated balance of plant. The system will be deployed at site in the Nagasaki Prefecture initially in a demonstration capacity, operating at a reduced generation output of around 500kW, as a data collection and validation device for the client and Japanese regulatory bodies. Atlantis expects to deliver and install the tidal generator by late Q3 2020, with completion of the demonstration in Q1 the following year. The possibility to upgrade the project to full output post successful completion remains, subject to approval. In an industry first, Atlantis will be exporting Scottish tidal generation

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Atlantis, further to the announcement on 28 June 2019, is delighted to announce the acquisition of the Green Highland Renewables project development, asset management, operation and maintenance business (“GHR”) from SIMEC Energy. GHR is a profitable business with high growth prospects which provides a complete range of management, operation and maintenance solutions and services to hydro generation asset owners throughout the UK.  GHR has consented more than 65 hydro schemes, built more than 45 hydro schemes and provides operation and maintenance services for more than 45 hydro schemes in the UK. Highlights Atlantis will acquire 100% of GHR for a nominal cash sum of £1.00 from SIMEC Energy The GHR business is expected to deliver immediate, positive cash flow to Atlantis via long term asset management, operations and maintenance contracts on hydro assets throughout the UK The GHR senior management team will be integrated into the Atlantis senior management team with immediate effect GHR will retain its independent branding and will continue to service more than 45 hydro clients operating as GHR. Revenue growth will be achieved through the provision of services to existing Atlantis portfolio assets such as MeyGen and Uskmouth as well as other assets within the broader operational

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