The granted permits and consents cover two DG100 tidal kite systems which will be installed in Vestmannasund in a collaboration between Minesto and SEV. Minesto has been granted public funding totalling approx. €3.5 million through the EU’s EIC Accelerator and the Swedish Energy Agency for the implementation of the Vestmannasund project and the development of the DG100 marine energy converter.

Earlier this month, Minesto announced that it is carrying out onshore commissioning testing of the DG100 tidal kite system and at the cable landing site in Vestmannasund, onshore infrastructure works are currently underway by SEV to enable the grid connection of Minesto’s kites. In addition, Minesto also announced the establishment of a Faroese subsidiary which will facilitate and further develop ongoing and future installations of the company’s marine energy converters in the Faroe Islands. “We are pleased with the progress made in the joint project, which will pave the way for a significant addition of predictable renewable electricity generation in the Faroe Islands”, said Martin Edlund, CEO of Minesto.