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4C is now TGS
We are excited to announce a significant milestone in 4C Offshore's journey. Our integration into the TGS family marks the beginning of a new era in offshore wind market intelligence.
Simon Counsell commented: "I am very excited to be joining Atlantis. I have long been impressed with the business and its leading position at the helm of a burgeoning global tidal power sector and look forward to building on the very strong foundations which have been established." Duncan Black, outgoing CFO of Atlantis, said:"It is not without regret that I have made the decision to remain in Singapore and step down as CFO of Atlantis. I look forward to my new role as a Non-executive Director and will work to ensure that there is a seamless handover to my replacement. I remain confident that the outlook for Atlantis is positive and intend to remain a long-term shareholder." Last week Atlantis formed a joint venture with the Irish Tidal developer, DP Energy group. The partnership looks to develop a multi-turbine array at the FORCE facility in Nova Scotia, Canada. Atlantis and DP Energy entered into a sale and purchase agreement for the sale of a 50% interest in Atlantis's wholly owned subsidiary, Atlantis Operations (Canada) Limited ("AOCL"). AOCL is the lease holder of a berth at the Fundy Ocean Research Centre for Energy (FORCE) in Nova Scotia's Bay of Fundy, and beneficiary of a grant of up to $5 million (Canadian) from Sustainable Development Technology Canada for installation of a tidal stream project at the site.
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