Photo: Minesto's Dragon Class tidal energy device (Courtesy of Minesto)

Minesto secures first client for tidal power site evaluation in Asia

Swedish marine energy company Minesto has received its first ‘historic’ sales order of site development services for Dragon Class tidal energy power plants to a major corporation in the Asian offshore energy sector.

Minesto's Dragon Class tidal energy device (Courtesy of Minesto)
Minesto’s Dragon Class tidal energy device (Courtesy of Minesto)

Minesto has been contracted to support an unnamed Asian corporation in the offshore energy sector for evaluation of a tidal-current site targeting deployment of its Dragon Class tidal energy power plants.

The work is planned to be completed in the first quarter of 2023 and has an initial order value of €35,000.

According to Minesto, the company offers a structured approach to site identification and evaluation based on hands-on experience from existing sites in Wales, UK and the Faroe Islands.

Site development is the initial step for the offshore energy sector to enter the ocean renewable value chain. Offshore operators also bring complementary strengths to Minesto with their established marine operations and experience in large energy infrastructure projects.

Martin Edlund, CEO of Minesto, said: “Given the unique production site characteristics of our technology, it is vital that we now offer these services to third-party project developers, in addition to our own ongoing site development activities.

“It is most valuable for us that site identification and feasibility services engage independent project investors and energy project developers. Willingness to procure site identification and assessment is key to our product sales and large-scale build out. A milestone has been reached in the Asian market.”

Subscribe and follow

Offshore Energy – Marine Energy LinkedIn