Alstom to acquire tidal energy equipment company

Alstom has signed an agreement to acquire UK-based Tidal Generation Limited (TGL), a wholly-owned subsidiary of Rolls-Royce Plc. The deal is expected to be completed within the next few months, subject to closing conditions.

TGL designs and manufactures tidal stream turbines. The company’s first 500 KWe unit was installed in Scotland. A 1 MW tidal turbine will be installed and tested at the same project later in 2012.

The acquisition will give Alstom the opportunity to build a portfolio of tidal products and technologies necessary to cover site conditions and meet customer needs.

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