Atlantis, a global leader in the tidal power sector, has announced that it has entered into a partnership agreement with Equitix, a market leading developer, investor and fund manager of infrastructure assets with over £1.7 billion of funds under management.
Under the agreement, Atlantis and Equitix will work together to advance Atlantis’s portfolio of tidal power projects in Scotland, which represent a combined potential capacity of almost 650MW.
Equitix, through its managed funds, intends to acquire at least 25% of each Atlantis project vehicle at financial close of that project, and will work with Atlantis to prepare the projects for investment of the construction capital and achievement of financial close.
In the next two years alone Atlantis anticipates committed capital investment of almost £500 million for construction of the Company’s Scottish portfolio, from a combination of debt, equity and grants. This includes £51 million already committed for the current construction of the first phase of the MeyGen project, which is scheduled to produce first power this year.
Tim Cornelius, CEO of Atlantis, commented:
"This agreement with Equitix, a leading infrastructure investment specialist, is an important step for us in engaging a partner with both vital experience of large infrastructure projects and access to extensive capital, coupled with a desire to work with us to accelerate the further development of the UK’s tidal power industry. We are very excited to be working with Equitix on a range of fronts.”
Equitix was established to deliver and manage infrastructure projects from bidding and closing through to construction and service provision.
Nick Parker, COO and Founding Director of Equitix, commented:
"We are delighted to be entering into this partnership agreement with Atlantis, the clear market leader in the tidal energy industry which secures access to a pipeline of primary investment opportunities and has tremendous growth potential in the UK.”
The company's extensive portfolio includes a number of utility infrastructure and waste and renewables projects.
In March 2014 Equitix acquired an 80% share in Scottish Water’s Dalmuir waste water treatment plant which serves a population equivalent of around 600,000. Waste water from domestic households, commercial and industrial businesses is treated and either dried and converted into fuel pellets to power Longannet Power Station in Fife, or treated according to Scottish Environment Protection Agency (SEPA) highly regulated standards and returned to the River Clyde in Glasgow.
The project facilities have been fully operational since 2002 and has a 25 year concession which is set to expire in 2026.
With the UK government demanding a 50% reduction in storm overflow spills by 2029, the era of reactive management is over. Speaking in the House of Commons on 21 July 2025, then environment secretary Steve Reed said, “This Government will cut water companies’ sewage pollution in half by the end of the decade.”
ERG, the leading supplier of odour control systems and industrial gas cleaning & thermal systems, has been awarded the coveted King’s Award for Enterprise.
Welsh Water’s new artificial intelligence-driven tool, ORAI, has been shortlisted for three categories at the prestigious British Data Awards 2026 – underscoring the company’s commitment to using cutting-edge technology to deliver better outcome for customers.
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.