Tag Archives: Impact Investing

Australian Ethical Investment buys stake in world first tidal stream energy project.

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In the last week, Australian Ethical Investment (AEI) announced they have taken a 9% stake in the Atlantis Resources new tidal stream energy project, based out of Scotland. This is a world first ocean power project that will see the construction of our planet’s first multi-megawatt tidal stream project to create a clean energy source for domestic use in Scotland. The MeyGen project aims to supply power to 86,000 homes (once at full capacity), with the second phase potentially powering 16% (398,000 homes) of Scottish domestic demand by 2023. Continue reading Australian Ethical Investment buys stake in world first tidal stream energy project.