Business

Minesto signs PPA with SEV for Faroe Islands tidal energy installations

CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), quality = 85

Marine energy developer Minesto has signed a power purchase agreement (PPA) with electric utility SEV, advancing the parties’ collaboration to integrate tidal energy in the Faroe Islands’ electricity mix.

The PPA comprises the planned installations of two 100-kW systems of Minesto’s subsea kite technology and an additional 2-MW capacity allocated for installations of utility-scale tidal energy systems in the Faroe Islands.

Read more here.

—–
CORONA AID FOR LOCAL.FO! ($10/month)
Due to the Corona virus, Local.fo is asking it’s many readers to consider start paying small amounts for their dose of the latest local news from the Faroe Islands.
Local.fo currently has only 25 supporters who are making small monthly financial contributions. All funds go towards steering through the Corona times and making Local.fo better! CLICK HERE FOR MORE INFORMATION
—–

Share this article on social media:

More in Business