Orbital tidal energy turbine
RENEWABLE energy specialist Orbital Marine Power has set out to raise £7 million as it aims to commercialise its tidal stream technology.
The firm said the funding would be used to support the build of its first commercial turbine product following the completion of a highly successful test programme at the European Marine Energy Centre in Orkney. The company plans to raise the funding through an offer of public debentures offer via the Abundance Investment platform.
It has rebranded as Orbital Marine after operating as Scotrenewables Tidal Power.
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