| Industry | Tidal turbines |
|---|---|
| Founded | 2009 |
| Founder | Alejandro Marqués de Magallanes |
| Subsidiaries | Magallanes Tidal Energy Ltd. |
Magallanes Renovables, S.L. is a Spanish developer of floating tidal stream energy devices, set up in 2009.[1] The company's head office is in Redondela, Galicia, with a UK subsidiary Magallanes Tidal Energy Ltd. based in Kirkwall.
They have tested their concept at the European Marine Energy Centre (EMEC) in Orkney, Scotland at small scale in 2014, and at full-scale since 2019.
In 2022, they were amongst the first tidal stream developers to be awarded market support for commercial projects in the UK, under the Contracts for Difference (CfD) scheme.