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Atlantis Resources

Atlantis Resources is to acquire the tidal power business of ScottishPower Renewables (UK), including a 100MW development in the Pentland Firth and a 10MW project at the Sound of Islay, in an all-share deal.

Atlantis Resources Corporation has secured funding of £2m to set up a marine energy hub in Edinburgh, with the creation of 20 jobs.

Atlantis Resources Corporation and Morgan Stanley are considering plans to set up a £250m computer data centre at Castle of Mey in Caithness, using tidal power from the Pentland Firth and creating up to 700 jobs.