SIMEC Atlantis Energy Limited (GB:SAE) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
SIMEC Atlantis Energy Limited (SAE) has successfully secured a Contract for Difference, facilitating a capacity increase of approximately 9MW for its MeyGen project in Scotland. The project, which has already produced more energy than any other tidal stream site globally, will reach a development size of 59MW with the addition of this new phase to the existing 6MW. SAE is actively engaging with global partners to realize this expansion, aiming to bolster the UK’s renewable energy production.
For further insights into GB:SAE stock, check out TipRanks’ Stock Analysis page.