News
16 January 2026

Magallanes tidal project secures finance

In:
Renewables
Region:
Europe

Magallanes Renovables has secured financing for its ATIR 2.0 floating tidal energy platform, to be built in Vigo, Spain and installed in Scottish waters.The project features a 1.5MW platform with two counter-rotating turbines, measuring 53m by 7m and designed to boost energy conversion from tidal...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
05 March 2026

Bhutan’s Dorjilung hydro opens a PPP market

The Dorjilung hydroelectric financing moved away from sovereign-backed debt towards a blended PPP structure combining concessional capital, multilateral lending and private...

Perspective
13 March 2026

Proximo Deals of the Year 2025: Live lessons

The deals that impressed - sometimes for size but more often for innovation - in 2025. With the project finance market looking to build resilience, these were the lessons...