Tidal plant seeks cash

ONE of the UK’s leading tidal-energy companies, Marine Current Turbines, is seeking a fresh investor to help finance a bid to build a new plant at Pentland Firth in Scotland.
MCT, whose existing shareholders include EDF Energy and ESB International, has hired Cavendish, the corporate-finance firm, to find the new investment.
The company already has leases from the Crown Estate to run tidal-power facilities in Devon and Northern Ireland.