Alstom ties up £42m acquisition of tidal turbine pioneer TGL

Jessica Shankleman
clock • 2 min read

Deal completed as 1MW tidal turbine enters Orkney waters for testing

Alstom has completed its acquisition of Bristol-based Tidal Generation Limited (TGL), after the marine energy company last week completed the installation of a 1MW demonstration tidal turbine off the coast...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

AI supply chain start-up Treefera plots expansion after $30m funding boost

AI supply chain start-up Treefera plots expansion after $30m funding boost

Company announces successful Series B fundraise in support of plans to extend reach of its AI-led supply chain visibility and tracking solutions

clock 03 June 2025 • 3 min read
Schroders calculates nature-related risks facing its £779bn portfolio

Schroders calculates nature-related risks facing its £779bn portfolio

Investment giant becomes one of the first major UK asset managers to assess and disclose its nature risks in line with TNFD guidelines

Michael Holder
clock 03 June 2025 • 3 min read
Barclays' Climate Ventures arm catalyses £500m in five years for global clean tech

Barclays' Climate Ventures arm catalyses £500m in five years for global clean tech

Banking giant claims its climate tech venture capital arm has invested over £200m to date worldwide, while unlocking over £300m from co-investors

BusinessGreen staff
clock 02 June 2025 • 3 min read