Top news, May 21 – 27, 2018

MarineEnergy.biz has compiled the top news from marine energy industry from May 21 – 27, 2018.

Share placement yields £20M for Atlantis

Atlantis Resources has completed the placing of more than 57 million shares, securing £20 million for its upcoming tidal power and renewable energy activities.

The new ordinary shares were placed at price of 35 pence per share, ahead of the completion of the proposed reverse takeover by GFG Alliance company SIMEC.

Minesto installs MGS buoy off Wales

Minesto has completed the installation of the micro-grid system (MGS) buoy that will be used for the company’s first tidal energy installation in Holyhead Deep, off the coast of North West Wales.

Moored to the seabed using three anchor lines, the offshore buoy designed for extreme sea conditions will provide data and communications with Minesto’s DG500 marine energy power plant, according to Minesto.

Project MONITOR eyes tidal energy blade reliability boost

A new project focused on investigating the forces acting on blades and structures of tidal energy converters and their impact on reliability will be officially launched at the International Conference on Ocean Energy (ICOE).

Project MONITOR aims to reduce the risk of failure of tidal energy technologies, and enhance their reliability, resulting in increased investment in the marine energy industry by both the public and private sectors.

Life DemoWave buoys reach installation site

Two wave energy buoys, built as part of the EU-backed Life DemoWave project, have been transported to Punta Langosteira where they will shortly be deployed for trials.

The buoys arrived at the site located in Galicia, northwestern Spain, on May 21, 2018, ahead of installation planned for the coming weeks, Life DemoWave project team informed.

Solar heads offshore with wind at its back

Three companies within offshore energy sector have signed a letter of intent to jointly target niche markets in need of supply of clean electricity from floating wind and solar power.

Swedish floating wind developer SeaTwirl teamed up with Swiss builder of floating islands for solar panels Novaton, and Norwegian subsea infrastructure supplier Unitech, to combine their expertise to offer the market hybrid solutions with wind and solar power.