Final results for the year ended 31 December 2023 and notice of AGM
Final results for the year ended 31 December 2023 and notice of AGM SAE announces its audited final results for the year ended 31 December 2023. A complete version of the 2023 Annual Report and Accounts (“2023 Annual Report”) can be found here: http://www.rns-pdf.londonstockexchange.com/rns/6507T_1-2024-6-24.pdf The 2023 Annual Report, a notice of Annual General Meeting (“AGM”)…
Read MoreApplication for up to 300MW / 1.2GWh Scotland BESS project
Application for up to 300MW / 1.2GWh Scotland BESS project SAE is pleased to announce that it has submitted an application for Section 36 consent to the Scottish Government’s Energy Consents Unit for a battery energy storage system (“BESS”) project of up to 300MW, sized for up to 4 hours duration (1.2GWh). The project, named…
Read MoreSAE receives the next milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”)
SAE receives the next milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”) SAE is pleased to announce it has received the next milestone payment of £2m under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. The milestone payment was received following the…
Read MoreSAE achieves another Battery Energy Storage System (“BESS”) milestone
SAE achieves another Battery Energy Storage System (“BESS”) milestone SAE is pleased to announce that it has received the first £5m milestone payment under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE…
Read MoreCompany Auditor update
Further to shareholder approval at the Company’s extraordinary general meeting on 9 November 2023, the Company confirms that the resignation of Moore Stephens LLP has been approved by the Accounting and Regulatory Authority of Singapore, pursuant to the requirements of the Companies Act (Chapter 50) of Singapore. Consequently, Nexia Singapore PAC has been appointed as…
Read MoreMajor 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…
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