Business
MeyGen Phase 1A Operational Update
MeyGen Phase 1A Operational Update.
About this update from Ampeak Energy Limited
[{"type":"text","content":"\n \nRNS Number : 1994U SIMEC Atlantis Energy Limited 11 July 2018 \n\n \n11 July 2018\n \nSIMEC Atlantis Energy Limited\n(\"Atlantis\" or the \"Company\")\n \nMeyGen Phase 1A Operational Update\n \nAtlantis, the majority shareholder of the world's flagship tidal power project MeyGen, announces that the project operators plan to retrieve two of the Andritz Hammerfest Hydro (\"AHH\") turbines during this month for inspection and maintenance by the turbine supplier following diagnosis of a generator fault by the onboard monitoring systems. The turbines, both of which are covered under warranty, will be inspected onshore and, subject to confirmation of the fault diagnosis, the repairs are expected to be completed within approximately two months. The remaining AHH turbine and Atlantis' own AR1500 turbine continue to generate electricity.\n \nAt 6MW rated capacity, MeyGen is the world's largest tidal stream array and has 392MW of further development capacity under its seabed lease. The project formally completed its construction and commissioning phase in March 2018 and is currently in the warranty period. MeyGen has generated over 8GWh of energy to the grid to date. The array also exported a world record 1.4GWh of electricity to the grid in a single month this year, which would have satisfied the electrical requirements of 5420 average UK homes during that month.\n \n \nENDS\n \nEnquiries:\n \n\n\n\n\nSIMEC Atlantis Energy\n\n\nvia FTI Consulting\n\n\n\n\nTim Cornelius, Chief Executive Officer\n\n\n \n\n\n\n\nAndrew Dagley, Chief Financial Officer\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCantor Fitzgerald Europe\n(NOMAD and Joint Broker to Atlantis)\n\n\n+44 (0)20 7894 7000\n\n\n\n\nRick Thompson\nRichard Salmond\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nMacquarie Capital (Europe) Limited\n(Joint Broker to Atlantis)\n\n\n+44 (0)20 3037 2000\n\n\n\n\nRob Mansley\nNick Stamp\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nFTI Consulting\n\n\n+44 (0)20 3727 1000\n\n\n\n\nBen Brewerton\nAlex Beagley\nJames Styles\n\n\n \n\n\n\n\n \n \nAbout Atlantis\n \nSIMEC Atlantis Energy Limited is a vertically integrated project developer and power generation equipment supplier in the global sustainable energy generation industry. The Atlantis group hol...