2023-10-22 15:30:32
The Sabella company, flagship of tidal energy, placed under protection of the Quimper commercial court, we can read in a press release. Created in 2008 in Quimper, the company is experiencing cash flow problems due to the lack of a market opening for tidal energy in France. In receivership, the Quimper company has around twenty employees.
The State must organize the tidal turbine market.
The chairman of the board of directors of Sabella is in despair at the lack of a legal framework concerning tidal energy in France. “The State must include tidal energy in France’s overall energy policy. To do this, he had to pass an Energy Climate Programming law. A year later, we’re still waiting” breathes Benoît Bazire. As a result, without a state project and the opening of the market for tidal turbines, no money coming in is possible for the Sabella company. While waiting for the green light from the State, investors are not financing more the development of SMEs.
The company has 6 months to find solutions
For a year and a half, the Sabella D10 tidal turbine, installed in the Fromveur passage, has partly supplied electricity to the island of Ouessant. “The challenge is the decarbonization of Ouessantworries Benoît Bazire, except that if we might not find a solution, we would have to remove our turbine from the water. It would be a disaster“In the absence of a solution, around twenty employees risk losing their jobs and expertise disappearing.”If this happens, we will have lost 15 years of work” whispers the president of Sabella. In cessation of payments, the company has 6 months to find capital.
Calls for tenders to replenish the coffers
But the company wants to be reassuring, “our teams are currently responding to calls for tenders in the field of defense and renewable energies” we can read in a press release.
With the help of the Brittany region, the flagship of tidal energy explains that it is putting in place solutions “to continue the activity of its employees (conservation of their know-how), maintain the continuity of service in Ouessant, continue the projects currently under development, promote tidal energy among energy companies and find new financiers as soon as the State has given the necessary visibility to the sector.
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