Rolls-Royce to Sell Tidal Generation Ltd to Alstom

Press Release
Tuesday, September 25, 2012

The sale is expected to complete within the next few months, subject to closing conditions.

About Tidal Generation Ltd. (TGL
)
    1.    Rolls-Royce will sell TGL to Alstom UK Holdings Ltd, a wholly owned subsidiary of Alstom.
    2.    TGL is a wholly owned subsidiary of Rolls-Royce Holdings plc that is managed and reported in the Energy business segment.
    3.    In September 2010 TGL’s 500kWe tidal stream turbine concept demonstrator unit was deployed at the European Marine Energy Centre’s (EMEC) offshore test site, off the Orkney Islands in Scotland, and generated over 200 megawatt hours of electricity supply to the grid. It was the first EMEC located project to receive Renewable Obligation Certificates.
    4.    As part of the ReDAPT (Reliable Data Acquisition Platform for Tidal) consortium project, which is commissioned and co-funded by the Energy Technologies Institute, TGL’s 1MWe tidal stream turbine is currently being installed off Orkney and will be tested in various operational conditions over a two year period. 
    5.    As at 31 December 2011, TGL had gross assets of £10.6M.

Rolls-Royce provides power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.

Alstom  is a leader in the world of power generation, power transmission and rail infrastructure and sets a benchmark for innovative and environmentally friendly technologies.



 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

USCG Rescues Unconscious Boater

The Coast Guard rescued an individual from a marsh flat in Barataria Waterway located approximately six miles north of Grand Isle, Tuesday. Coast Guard Sector

SHIPPINGInsight to Focus on Ship Telematics

The subject of ship telematics will be prominently featured at the upcoming SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, which takes place in Stamford, Conn.

Euronav Acquires $ 750 mi Facility

The Executive Committee of Euronav NV today announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB

Energy

Euronav Acquires $ 750 mi Facility

The Executive Committee of Euronav NV today announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB

NewLead's MT Nepheli Update

NewLead Holdings Ltd.announced today a review of the commercial performance of one of its bitumen tanker vessels, the MT Nepheli since the vessel was delivered to NewLead's fleet.

Nigeria Ramps up Push to Eradicate Oil Theft

Nigerian authorities hope to put an end to rampant oil theft in eight months by increasing drone and naval monitoring of territorial waters and working with local communities,

Mergers & Acquisitions

Euronav Acquires $ 750 mi Facility

The Executive Committee of Euronav NV today announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB

Russian JV Close Acquisition of Prime Shipping

The Russian Joint Venture between Rosneft, Sberbank Investments and Pietro Barbaro S.p.A. closed the acquisition of the Pietro Barbaro Group shipping assets

Glosten Acquires Noise Control Engineering

Seattle-based naval architecture and marine engineering consultancy Glosten, Inc. has acquired Noise Control Engineering LLC (NCE), a consulting firm specializing in ship noise and vibration control.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.7836 sec (1 req/sec)