Orbital Marine Power (formerly Scotrenewables Tidal Power) has announced the launch of a public debentures offer through the Abundance Investment platform aimed at commercialising the company’s floating tidal stream technology. The debentures, targeting a raise of £7 million, will be used to support the build of the company’s first commercial turbine product.

Capital Dynamics is to acquire a 50% equity stake in Whiteside Hill wind farm from GE Energy Financial Services, a unit of GE Capital. Financial terms of the transaction were not disclosed.