Business
MeyGen Operational Update
MeyGen Operational Update.
About this update from Ampeak Energy Limited
[{"type":"text","content":"\n \nRNS Number : 8537A SIMEC Atlantis Energy Limited 27 January 2020 \n\nThe information contained in this announcement is inside information under the Market Abuse Regulation (EU) No 596 / 2014. The person responsible for arranging the release of this announcement on behalf of SIMEC Atlantis Energy Limited is Tim Cornelius, Chief Executive Officer of SIMEC Atlantis Energy Limited.\n \nMonday 27 January 2020\nSIMEC ATLANTIS ENERGY LIMITED\n(\"Atlantis\" or the \"Company\")\n \nMeyGen Operational Update\n \nSIMEC Atlantis Energy Limited (\"Atlantis\"), the global developer, owner and operator of sustainable energy projects, is pleased to announce an operational update for MeyGen, the world's largest operational tidal stream array.\n \nMeyGen's 2019 performance represents the longest period of uninterrupted generation from a multi-megawatt tidal turbine array ever achieved.\n \nOperational Highlights\n \n· MeyGen has now exported 24.7GWh of predictable renewable electricity to the national grid\n \n· In 2019 alone, MeyGen exported over 13.8GWh of predictable renewable electricity, equivalent to the average annual electricity consumption of around 3800 typical UK homes generating a revenue of £3.9m.\n \n· Phase 1A of MeyGen operates with 5 ROCs and had generated total revenues since operations commenced of £7.1m as at the end of 2019.\n \n· The AR1500 turbine is due to undergo maintenance and will be transported to land for servicing and upgrade work at the end of this month - redeployment at MeyGen is targeted for the Spring. The upgrade will increase the turbines revenue by 4% with no increase in the turbines operating cost.\n \n· During 2019, Atlantis announced its intention to develop the next phase of its MeyGen array which will see an additional 80MW of tidal capacity added to the existing project site between the island of Stroma and the mainland. Atlantis intends to design, consent and build the world's first ocean-powered data centre near the MeyGen site, connected to the tidal array via a private wire. A concept study has been completed with design underway to include a connection to the Celtic Norse subsea fibre optic cable currently in development, significantly enhancing Sco...