Minesto Evolves Its Faroese Business Case, Upgrading to a 200 Mw Tidal Energy Buildout

Dr Martin Edlund, CEO of Minesto, was recently interviewed on national Faroese TV: DrMartin Edlund, CEO of Minesto, was recently interviewed on national Faroese TV: "We recently raised our ambitions to 200 MW as new tidal energy resources have been verified, and the demand for clean energy from local stakeholders such as the Faroese fish farming industry is growing,"  said DrMartin Edlund. Minesto estimates the 200MW project investment to400 M EUR, where 50% constitutes hardware...

GOTHENBURG, Sweden, 21/02/2024 (informazione.it - comunicati stampa - trasporti)

Dr Martin Edlund , CEO of Minesto, was recently interviewed on national Faroese TV:

 said Dr Martin Edlund .

Minesto estimates the 200MW project investment to 400 M EUR , where 50% constitutes hardware sales from Minesto.

 explains Dr Martin Edlund .

The road-map targets Hestfjord as the first site for build out. This is also where Minesto together with the local utility partner SEV is engaged in site development activities such as consenting and planning of cable routes.

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Minesto's roadmap to 200 MW tidal energy buildout in the Faroe Islands (youtube.com)

Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com

 

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