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SIMEC Atlantis to begin development of Normandy tidal project following lease approvals

SIMEC Atlantis Energy Limited's (LON:SAE) Tim Cornelius speaks to Proactive London's Andrew Scott after announcing they've got the regulatory green light for the transfer of a lease to develop a tidal project in Raz Blanchard, Normandy.

The authorities have approved the transfer of the lease to develop the 12 megawatt (MW) tidal power project from ENGIE to Normandie Hydroliennes.

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Price: 23.5 GBX

AIM:SAE
Market: AIM
Market Cap: £115.52 m
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SIMEC Atlantis Energy seals deal to finance 100% of Uskmouth Phase 1 project

SIMEC Atlantis Energy Limited's (LON:SAE) Tim Cornelius explain's to Proactive what the debt financing deal with South Korean financial institution Hana Financial Investment means for the Uskmouth Phase 1 project. Cornelius says the debt facility will provide the company with up to £170mln and...

on 24/8/20

2 min read