GOTHENBURG, Sweden, Oct. 14, 2024 /PRNewswire/ -- In the North Atlantic, leading ocean energy developer Minesto is moving forward with the pioneering build-out of a tidal energy site. The Hestfjord Dragon Farm is a first-of-a-kind tidal energy array with Minesto Dragon 12-kites with a total capacity of 10 MW in a first phase. Following the successful utility-scale installation of the Dragon 12 in Vestmanna and corresponding interest by various parties in the technology, Minesto assigns strategic advisor Ernst & Young (EY) to the unique Dragon Farm Project, with focus on investments.
In the Faroe Islands, Minesto is part of one of the most ambitious energy transition schemes worldwide, where tidal energy can play a significant role in achieving 100% renewable energy by 2030. After months of running a pilot program with two Minesto Dragon kites (Dragon 12 and Dragon 4) connected to the power grid, the technology has reached another milestone. As an initial step towards the proposed 200 MW build-out, the Hestfjord Dragon Farm moves forward in a first 10 MW-phase.
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