ABB, the global power and automation technology group, has led a $12 million investment in Scotrenewables Tidal Power, a provider of tidal turbine systems, to support the rollout of a new hydrokinetic device and to expand ABB’s renewable energy assets. ABB’s participation was made through its venture capital unit, ABB Technology Ventures (ATV), which invests [...]
March 13, 2013 | Posted in
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Scotrenewables Tidal Power Limited announces that it has agreed terms in respect of a major financing package totalling £8.84m which includes £1.24m in public funding from the Scottish Government as well as £7.6m in private investment from a trio of multinational backers. The deal will see both of SRTP’s long-standing investors, shipping and renewable energy [...]
December 14, 2012 | Posted in
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In his intention to highlight the massive benefit for jobs and business the energy sector can bring to the Scottish economy, Energy and Climate Change Secretary Edward Davey has visited Orkney, Caithness, Edinburgh and Glasgow. In Orkney he visited Scotrenewables Tidal Power Ltd., a company which designed a unique floating tidal technology to minimise installation [...]
Continuing on from the successful grid connection last month, Scotrenewables Tidal Power Ltd. has forged ahead with their testing plan and have just completed a 4 day deployment of the SR250. Using the locally owned multi-cat ‘MV Orcadia’, the device was towed to site on Thursday morning and connected to their mooring at The Fall [...]
May 25, 2012 | Posted in
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