Aquamarine Power riding on a wave after GBP 1.5m investment

From: Evening News - Scotland | Date: October 2, 2007| Author: Jim Stanton Business Editor | Copyright information

SIGMA Capital has ploughed GBP 1.5 million into the Capital's Aquamarine Power Ltd, a newly created company which is aiming to be the first to deploy both wave and tidal devices on a commercial scale.

The investment is the first the Edinburgh-based specialist asset manager has made from its second sustainable energy fund, the Sigma Sustainable Energy Fund II (SSEF II).

Mark Hogarth, investment director at Sigma, said the initial investment in Aquamarine marked an "exciting deve...

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