Ocean energy developer Minesto has received its first historic sales order for site development services from a major corporation in the Asian offshore energy sector.
The company will evaluate a tidal-current site targeting deployment of Minesto’s Dragon Class tidal energy power plants. The work is planned to be completed in the first quarter of 2023 and has an initial order value of €35,000.
Minesto offers a structured approach to site identification and evaluation based on hands-on experience from existing sites in Wales, UK and the Faroe Islands.
Site development is the initial step for the offshore energy sector to enter the ocean renewable value chain.
“Given the unique production site characteristics of our technology, it is vital that we now offer these services to third-party project developers, in addition to our own ongoing site development activities,” said Dr Martin Edlund, CEO of Minesto.
“It is most valuable for us that site identification and feasibility services engage independent project investors and energy project developers. Willingness to procure site identification and assessment is key to our product sales and large-scale build out. A milestone has been reached in the Asian market.”