- Sustainable energy project developer Simec Atlantis Energy said it had successfully decommissioned the 1.2MW SeaGen tidal system in Northern Ireland, marking the completion of the energy project lifecycle.

The surface piercing tidal SeaGen system was installed in 2008 and became the world's first commercial-scale, electricity-generating, grid-connected tidal stream project. It exported over 11.6GWh of power during its lifecycle.

The first phase of decommissioning began in 2016.

'SeaGen's successful decommission represents a major milestone moment for the tidal power industry. Not only has it validated the complete project lifecycle of a tidal stream energy development, moreover, we have done so with a tidal stream project of full commercial scale, that was connected to the grid,' said CEO Tim Cornelius.

At 9:51am: [LON:SAE] Simec Atlantis Energy Limited Ord Npv Di share price was 0p at 13.5p

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