Minesto has announced the preliminary outcome of its rights issue which brough in SEK 120 million (€10.7 million) of fresh funding for the company’s tidal energy technology and projects.
Ocean Energy Systems (OES), a technology collaboration program within the International Energy Agency (IEA), has provided an overview of key achievements and progress made in the ocean energy sector in its new annual report for 2022.
Swedish ocean energy developer Minesto has installed the tidal power plant Dragon 4 and generated the first electricity at the newly added second foundation in Vestmannasund, Faroe Islands. The production of the first electricity was revealed in Minesto’s update on the Vestmanna project on 14 March.
Danish wave energy company Wavepiston has signed an agreement with French firm YS Energies Marines Developpement (YS EMD) to develop a wave energy project in Martinique. The two companies have formed a partnership to co-develop the project that aims to provide clean energy for the local communities.
Danish wave energy company Wavepiston has reached 130% of its initial crowdfunding target, as the campaign remains open for two more days.
Norway-based floating solar companies Ocean Sun and Inseanergy have reached a settlement agreement for floating solar technology patents.
Carbon capture and storage (CCS) projects are increasingly gaining more prominence in the race to make the world cleaner and more sustainable, driven by the interest from some of the most important offshore energy players.
Minesto has awarded a contract to Orkney-based marine services provider Leask Marine for the installation of a drilled foundation anchor for the first Dragon 12 tidal energy kite system in Faroe Islands.
The 2MWp floating solar plant in Albania, developed by Europe’s largest renewable energy generator Statkraft, has started producing renewable energy and injecting it to the Albanian electricity grid following the installation of three new floaters.
SINN Power, a German-based developer of floating renewable energy platform solutions, has put forward a plan to build a floating solar power plant in Eching am Ammersee, south-east Germany.
A wave energy device, developed by the Spanish company Rotary Wave, has been installed in Valencia to provide clean electricity for the public lighting at the city’s seafront.
Jan De Nul, Tractebel, and DEME have jointly developed a new offshore floating solar technology, said to be capable of operating in harsh marine conditions and in combination with offshore wind farms.
A new study has revealed that wave energy can play an instrumental role in the decarbonization of the steel manufacturing industry, which accounts for around 7% of global greenhouse emissions.
Swedish company Minesto has marked one month of continuous production at record levels with its Dragon 4 tidal energy kite in Faroe Islands, as it advances the preparations for the installation of a new device.
