Siemens acquires the company, after increasing its stake in November to 45%.
Siemens has bought UK-based tidal energy company Marine Current Turbines, in which it owned a 45% stake, for an undisclosed sum.
Ted Scheidegger, CEO of the Solar & Hydro Division of Siemens Energy, said: "The acquisition of Marine Current Turbines is an important step forward for the Solar & Hydro Division. We will continue to drive the commercialization of this promising technology which harvest energy from highly predictable tidal streams. Our target is to secure a leading position in…
