Minesto signs PPA with SEV for Faroe Islands tidal energy installations

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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.

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