Untitled Document

Siemens buys majority stake in ocean energy company MCT

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.

Latest Slideshow

 

Your Picture Here: Send Us Your Dam Selfie

The selfie craze has reached PennWell's Hydro Group! Check out this slide show of selfies taken near dams around the world. Do you see somebody - or some dam - you know?


MORE SLIDESHOWS >>

Hydro Industry Financials

Most Read Articles

Recent Comments

Buyers Guide Companies

Waveberg Development Ltd

Wave energy converter under development. Requir...

Continuing Education

Professional Development Hours
To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

12/01/2014
Volume 33, Issue 10
1412HR_C1
11/01/2014
Volume 22, Issue 6
novcover

Archived Articles

2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
Hydro Review Past Issues