Atlantis Resources looking at hydro acquisitions as part of rebranding

20 February 2018

Renewable power developer Atlantis Resources is considering acquisitions in the mini-hydro, pumped-storage and tidal range sectors amid its rebranding as SIMEC Atlantis Energy.

CEO Tim Cornelius said it is targeting those sectors as they fit with the company’s focus. He said the company is very interested in a mini-hydro portfolio, and is looking at transactions in Wales and Scotland. It is also in live deal conversations for pumped storage, and in acquisition discussions for a tidal range project in France.

In December, Atlantis announced an acquisition and reverse takeover deal with SIMEC, part of the GFG Alliance of companies controlled by the Gupta family. The deal will see Atlantis renamed SIMEC Atlantis Energy upon completion.

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