Atlantis is a global developer of renewable
energy projects with more than 1,000 megawatts in various stages of development including the world's flagship
tidal stream project, MeyGen, the first phase of which will soon be delivered into commercial operation in Scotland.
Days later Siemens AG (SIE) announced it's selling Marine Current Turbines Ltd... Already the top 20 wave and
tidal -
stream businesses have amassed losses of $ 903 million over their lifetimes, according to BNEF data... «This is the capitalist survival - of - the - fittest process working as normal in any new market area,» McCrone said by e-mail... As other renewables such as solar and wind have reduced cost to become commercially viable, waves and tides remain the most expensive sources of power, costing four times more than coal, BNEF estimates... Oceanlinx Ltd. and Wavebob Ltd. both failed in the past 18 months, and Ocean Power Technologies Inc., one of the only listed marine
energy businesses, canceled a project inAustralia.