Tocardo Tidal Turbines has acquired Royal IHC’s tidal division, which is a new step in the expansion of Tocardo’s operations in the Netherlands and internationally.
“The acquisition of IHC Tidal Energy is a welcome addition to the product range of Tocardo and offers us additional opportunities to perform tidal energy projects around the world,” said Hans van Breugel, CEO of Tocardo .
IHC Tidal Energy, based in Alblasserdam, has developed a tidal turbine with a vertical axis, which is close to the stage of commercial application. Tocardo builds tidal turbines with a horizontal axis, which have been delivered to tidal projects on a commercial basis for a long time.
In some offshore locations, vertical-axis turbines suit better than turbines with a horizontal axis. By offering both options, Tocardo can exploit the energy potential of the sea for its customers even better.
Bram Roelse, CEO of IHC : “With the sale, we ensure more focus on our core activities. IHC Tidal Energy is a stable and healthy company. However, its activities are not directly related to the strategy of IHC.”
Financial details of the transaction were not disclosed.
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Offshore WIND Staff; Image: IHC Tidal Energy