News & Media

Minesto secures all permits for Faroe Islands’ installations

April 01, 2020
Picture of the Vestmannasund strait in the Faroe Islands. Photo: SEV
Press releases
Marine energy developer Minesto and its collaboration partner, the Faroese electric utility company SEV, has been granted all necessary permits and consents for the installation of two grid-connected tidal kite systems in Vestmannasund, Faroe Islands.Read more »
“We have had great support by SEV and the Faroese authorities to reach this crucial achievement. SEV has made terrific work to secure all necessary permits for our first installations in the Faroe Islands through a very efficient process”, said Dr Martin Edlund, CEO of Minesto. The granted permits... Read more »

Annual Report 2019

March 26, 2020
News
Minesto has today published the Annual Report for the fiscal year 2019. The Annual Report is available in Swedish only, at the Investor Relations section of the website or via the link below. Minesto AB Annual Report 2019 (in Swedish) Minesto AB Annual Report 2019 (in Swedish)Read more »

Minesto publishes Year-End Report 2019

March 19, 2020
Press releases
CEO Dr Martin Edlund: “At the beginning of 2020, Minesto holds a stronger cash position than ever. This means that we can increase the company’s commercial activity, with the goal of entering into further customer collaboration arrangements and secure project financing for the expansion of larger...Read more »
Significant events October–December 2019 Minesto is granted EU funding for site project in France. Minesto carries out a directed issue of units of SEK 60 million. After the end of the fiscal year Minesto carries out an over-subscribed rights issue of units of SEK 86 million. Minesto signs a power... Read more »

Comment on the coronavirus situation and Minesto’s activities

March 16, 2020
Press releases
Minesto is closely following developments related to the coronavirus disease COVID-19 to assess how governmental actions and restrictions around Europe might affect operations and project activities. To date, the company has had no negative impact on incoming components and subsystem deliveries...Read more »
“Just like everyone else, we are closely following the situation to ensure that we do what we can to keep our employees safe and to take a social responsibility in all the regions where we are operating”, said Dr Martin Edlund, CEO of Minesto. Commenting on Minesto’s tidal energy project in the... Read more »

Minesto News Update 3 March 2020

March 03, 2020
News
· Minesto’s “revolutionary sea kite design” features on BBC’s Our Coast · Minesto showcases its kite technology at the Engineering the Energy Transition Conference · Net Zero panel at the MEW Conference: What role will marine energy play? · Wanted: Project Manager to Gothenburg and Civil Subsea...Read more »
Minesto’s “revolutionary sea kite design” features on BBC’s Our Coast Last weekend’s episode of Our Coast, a TV show broadcasted on BBC Two, exploring the spectacular coastlines linked by the Irish Sea, featured a section on tidal energy in general – and Minesto’s Deep Green technology and the... Read more »

Minesto signs PPA with electric utility SEV for utility-scale tidal energy installations

February 19, 2020
Picture of the Vestmannasund strait in the North West part of the Faroe Islands. Photo: Warren Cardwell
Press releases
Leading marine energy developer Minesto has signed a power purchase agreement (PPA) with the Faroese electric utility company SEV, advancing the parties’ collaboration to integrate tidal energy in the Faroe Island’s electricity mix. The PPA comprises both the planned installations of two 100kW...Read more »
Minesto and SEV has initiated a first phase of collaboration to integrate tidal energy through Minesto’s Deep Green technology in the Faroe Islands, by installing and operating two grid-connected DG100 systems in the Vestmannasund strait. The long-term ambition is a large-scale build out of tidal... Read more »

Ynys Môn MP visits Minesto’s Holyhead operations

February 18, 2020
Ynys Môn MP visits Minesto’s Holyhead operations
News
Virginia Crosbie, Member of Parliament for Ynys Môn (Anglesey), visited Minesto’s Holyhead office last week and was given a tour of Minesto’s visitor centre and Assembly Hall facility. Minesto’s CEO Dr Martin Edlund, together with COO, David Collier and Business Development Manager, Osian Roberts,... Read more »

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