Atlantis Resources Limited Engagement of Macquarie Capital (Europe)
November 19 2015 - 2:01AM
RNS Non-Regulatory
TIDMARL
Atlantis Resources Limited
19 November 2015
19 November 2015
ATLANTIS RESOURCES LIMITED
("Atlantis" or the "Company")
Engagement of Macquarie Capital (Europe)
Atlantis, a global leader in the tidal power sector, is pleased
to announce that it has engaged Macquarie Capital (Europe) Limited
to help develop its tidal power ambitions by reviewing options for
attracting strategic, long term investors in its Scottish tidal
power portfolio.
Atlantis, which owns the majority of the MeyGen project, the
world's largest planned tidal current power project, has been
growing its portfolio of tidal power development projects in
Scotland via acquisition and can now offer potential investors an
interest in a unique portfolio of tidal power projects.
Atlantis is on target to become the largest tidal power
development company in the world, and its portfolio of Scottish
tidal power projects currently includes MeyGen (398MW), Brough Ness
(100MW), Mull of Galloway (30MW) and Kyle Rhea (8MW), and the
Company has ambitions to grow this portfolio in the near
future.
Tim Cornelius, CEO of Atlantis, commented:
"Britain is leading the way in the development of tidal power
and Atlantis is at the forefront having consolidated much of the
industry in Scotland and helped to underpin its very bright future.
Through the engagement of Macquarie Capital, we are bringing on an
experienced team of renewable energy infrastructure experts who
will work with Atlantis to communicate investment opportunities
across the Atlantis portfolio to the industrial and financial
investor communities in the UK, Europe, Asia and the Americas."
Mark Dooley, Head of Infrastructure, Utilities and Renewables,
Macquarie Capital Europe, commented:
"Macquarie Capital is pleased to partner with Atlantis
Resources, a leader in the tidal stream sector. Macquarie Capital
has a long history of matching institutional capital to
infrastructure projects, and we look forward to working with
Atlantis to bring strategic, long term investors into their unique
portfolio".
For further information please contact:
Atlantis Resources Limited via FTI Consulting
Tim Cornelius, Chief Executive
Officer
Peel Hunt LLP (Nominated Adviser +44 (0) 20 7418
and Broker) 8900
Daniel Harris / Jock Maxwell MacDonald
+44 (0) 20 3727
FTI Consulting 1898
Ben Brewerton / Alex Beagley /
James Styles
About Atlantis Resources
Atlantis Resources Limited is a vertically integrated turbine
supplier and project developer in the tidal power industry. The
Atlantis group holds equity positions in a diverse portfolio of
tidal stream development projects, which includes a stake of 85% in
MeyGen Limited, the company developing the MeyGen project in
Scotland.
The MeyGen project is the largest consented tidal stream power
project in Europe, and is scheduled to commence generation in
2016.
Alongside its project development interests, Atlantis owns a
portfolio of patents and patent applications relating to tidal
power generation and sells tidal generation equipment and
engineering services to third party developers as well as its own
projects. The Atlantis Group, which is revenue generating, also
conducts industrial research and development, and provides
specialist consulting services globally.
Atlantis Resources was admitted to AIM on 20 February 2014.
(www.atlantisresourcesltd.com)
About Macquarie
Macquarie Group is a global provider of banking, financial,
advisory, investment and funds management services. Founded in
1969, Macquarie operates in 29 countries and employs more than
13,500 people. Assets under management total approximately EUR317
billion at 30 September, 2015.
Macquarie Capital is the advisory, capital markets and principal
investment arm of Macquarie Group. As a leading global adviser in
the infrastructure, utilities and renewables sector, they have
advised on 127 infrastructure-related transactions worth more than
GBP27 billion in the year ended 31 March 2015. Macquarie Capital
has funded and/or advised on more than 5,800MW of diversified
renewable energy projects to date.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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