SIMEC Atlantis Energy Limited MeyGen Phase 1A Operational Update
11 7월 2018 - 3:00PM
RNS Non-Regulatory
TIDMSAE
SIMEC Atlantis Energy Limited
11 July 2018
11 July 2018
SIMEC Atlantis Energy Limited
("Atlantis" or the "Company")
MeyGen Phase 1A Operational Update
Atlantis, the majority shareholder of the world's flagship tidal
power project MeyGen, announces that the project operators plan to
retrieve two of the Andritz Hammerfest Hydro ("AHH") turbines
during this month for inspection and maintenance by the turbine
supplier following diagnosis of a generator fault by the onboard
monitoring systems. The turbines, both of which are covered under
warranty, will be inspected onshore and, subject to confirmation of
the fault diagnosis, the repairs are expected to be completed
within approximately two months. The remaining AHH turbine and
Atlantis' own AR1500 turbine continue to generate electricity.
At 6MW rated capacity, MeyGen is the world's largest tidal
stream array and has 392MW of further development capacity under
its seabed lease. The project formally completed its construction
and commissioning phase in March 2018 and is currently in the
warranty period. MeyGen has generated over 8GWh of energy to the
grid to date. The array also exported a world record 1.4GWh of
electricity to the grid in a single month this year, which would
have satisfied the electrical requirements of 5420 average UK homes
during that month.
ENDS
Enquiries:
SIMEC Atlantis Energy via FTI Consulting
Tim Cornelius, Chief Executive Officer
Andrew Dagley, Chief Financial Officer
Cantor Fitzgerald Europe
(NOMAD and Joint Broker to Atlantis) +44 (0)20 7894 7000
Rick Thompson
Richard Salmond
Macquarie Capital (Europe) Limited
(Joint Broker to Atlantis) +44 (0)20 3037 2000
Rob Mansley
Nick Stamp
FTI Consulting +44 (0)20 3727 1000
Ben Brewerton
Alex Beagley
James Styles
About Atlantis
SIMEC Atlantis Energy Limited is a vertically integrated project
developer and power generation equipment supplier in the global
sustainable energy generation industry. The Atlantis group holds
equity positions in a diverse portfolio of tidal stream development
projects, which includes a stake of 77% in MeyGen Limited, the
company developing the world's largest tidal stream project. In
addition, Atlantis is pursuing a number of marine power project
opportunities in France, South Korea and Indonesia to complement
its UK pipeline and is diversifying into other areas of sustainable
energy. Notably, Atlantis is the owner of the proposed 220MW
conversion project as the Uskmouth power station in Newport, Wales.
Atlantis intends to convert the power station from coal to a waste
derived energy pellet and commencement of the conversion works is
expected in 2019.
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END
NRAXBLFFVDFLBBK
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