Energy corporation Siemens has acquired the majority stake in Britain’s Marine Current Turbines Ltd. (MCT).
Siemens increased its stake in the company to 45% in November 2011 but has raised its involvement even further for an undisclosed amount. Siemens first acquired a minor stake in the company in February 2010.
MCT has already demonstrated its SeaGen technology at Northern Ireland's Strangford Lough. The two units were installed in November 2008 and have a total capacity of 1.2 MW, according to MCT.
Siemens says an 8-MW project at Kyle Rhea in Scotland and a 10-MW project at Anglesey Skerries in Wales are in the planning stage.