A Scottish power company is launching a funding round to seek investment to support the development of its first tidal arrays. Scotrenewables Tidal Power has successfully tested its SR2000 turbine at the European Marine Energy Test Centre in Orkney over the past year. During the trials, it generated more than 116 MWh in under a week, with 6 MWh generated in a single tide. The firm has hired Simmons & Company International, a division of Aberdeen bank Piper Jaffray, to organise the funding round from US.
A Scottish power company is launching a funding round to seek investment to support the development of its first tidal arrays. Scotrenewables Tidal Power has successfully tested its SR2000 turbine at the European Marine Energy Test Centre in Orkney over the past year. During the trials, it generated more than 116 MWh in under a week, with 6 MWh generated in a single tide. The firm has hired Simmons & Company International, a division of US bank Piper Jaffray, to organise the funding round from Aberdeen.