Atlantis Resources (AIM:ARL): major investment in tidal power project supports Atlantis model
InfraRed Capital Partners, the leading global investment manager focused on infrastructure and real estate, has become the final institutional equity investor in the £1bn Swansea Bay Tidal Lagoon power project.
The £100m commitment from InfraRed equals that of Prudential who was named as the cornerstone investor in the Swansea Bay project. - Domestic electricity for the Swansea Bay region The Swansea Bay project will generate c.500GWh of electricity every year for 120 years, enough to provide nearly all of the domestic electricity for the Swansea Bay region, comprising the city and county of Swansea and Neath Port Talbot. It will help the UK meet its carbon reduction targets by saving more than 236,000 tonnes of CO2 each year; and establishes a scalable blueprint for a total of six UK lagoons…