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Major milestone reached in BESS project
Major milestone reached in BESS project SAE is pleased to announce that the next Battery Energy Storage System (“BESS”) project at the Uskmouth site has been granted planning consent with conditions by Newport City Council. This is another significant milestone in the business’s plan to develop 1GW of BESS at the Uskmouth Sustainable Energy Park,…
Read MoreAdoption of new LTIP and Grant of LTIP and CSOP options
SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) Adoption of new LTIP and Grant of LTIP and CSOP options SAE announces that that the Company’s Remuneration Committee has approved the adoption of a new long term incentive plan (“LTIP”), following expiry of the previous LTIP on 10 December 2023 after a ten-year…
Read MoreUpdate on Abundance voting
SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) Update on Abundance voting Following the announcement on the 5 December 2023, SAE confirms that more than 75% of each class of the Abundance bondholders by value have voted in favour of the requested amendments to the debenture deeds. The amendments to the deeds are…
Read MoreFreehold land sale at Uskmouth, proposed Abundance Bonds extension and Business update
SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE”, the “Company” and, together with its subsidiaries, the “Group”) Freehold land sale at Uskmouth, proposed Abundance Bonds extension and Business update Sale of land to Electric Land SAE is delighted to announce that it has today signed an agreement with EL (Uskmouth) Limited a subsidiary of FPC…
Read MoreBBC Green energy Special showcases MeyGen project
The BBC have released a green energy special showcasing the world-leading tidal technology deployed at MeyGen. It highlights the importance of Tidal Stream to the UK’s energy mix and the unique opportunity we have in the UK to scale up a predictable, low-carbon energy source in our own waters. They have followed it up with…
Read MoreRESULTS OF THE EXTRAORDINARY GENERAL MEETING & UPDATE ON THE APPOINTMENT OF A NEW AUDITOR
RESULTS OF THE EXTRAORDINARY GENERAL MEETING & UPDATE ON THE APPOINTMENT OF A NEW AUDITOR On 24 October 2023, SAE announced it had convened an Extraordinary General Meeting of the Company to approve the appointment of Nexia Singapore PAC (“Nexia”) as the Company’s auditor. The Company is pleased to announce that at its Extraordinary General…
Read MoreExtraordinary General Meeting
SIMEC Atlantis Energy Limited (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Extraordinary General Meeting SAE announces that a circular containing a notice convening an Extraordinary General Meeting of the Company (the “EGM”) will be posted to shareholders today. Shareholder approval is being sought for the appointment of Nexia Singapore PAC (“Nexia”) as…
Read MoreDirector/PDMR dealing
SIMEC ATLANTIS ENERGY LIMITED (“SAE” or the “Company”) Director/PDMR dealing SAE has been notified that, on 27 September 2023, Duncan Black, Chairman, purchased 3,600,000 ordinary shares of no par value in the Company (“Shares”) at a price of 1.15p per shares. Following this purchase Mr Black is interested in 4,642,419 Shares, representing approximately 0.64% of…
Read MoreInterim results
SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Interim results SAE announces its unaudited interim results for the six months ended 30 June 2023. A complete version of the interim results can be found on the Company website (www.saerenewables.com/investor-relations/company-documents). Chairman’s Statement I am pleased to report a strong first…
Read MoreSAE secures support to deliver another phase at the world leading MeyGen project
SAE is delighted to announce that it has successfully secured 4 Contracts for Difference (CfD) in the latest allocation round, for the world leading MeyGen site. These CfD contracts, which guarantees £198 (£/MWh), for 15 years from 31st March 2028 commissioning date, will allow SAE to deliver a total of c.22MW of clean, home-sourced, predictable…
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