Atlantis Resources

Atlantis gains tidal muscle in purchase of Siemens marine energy business
By Sophie Vorrath on 30 April 2015

Industrial giant Siemens has agreed to sell its world-leading UK-based tidal power business, Marine Current Turbines, to rival developer Atlantis Resources.

The deal, which is being seen as a signal of further consolidation in the emerging renewables sector, will see Atlantis – a company founded in Australia and still run by Australians – acquire the entire issued share capital of MCT from Siemens, in return for a 10 per cent stake in the company.

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http://reneweconomy.com.au/2015/atl...chase-of-siemens-marine-energy-business-25544

Atlantis Resources and Carnegie Wave Energy signed a Collaboration Agreement a year ago. More evidence of the work being done over there by Kieran O'Brien.

http://www.carnegiewave.com/investo...nload/7_40c5d6331566307c0855d2cd0b5e4044.html