Minesto signs collaboration agreements for Project Development in Nusa Tengara Barat region, Indonesia

The collaboration agreements include feasibility studies on the natural resource, infrastructure, and finance, and are based on collaborative work to integrate Minesto's technology as a part of the 100% renewable energy mix in the region, starting with the Special Economic Zone (SEZ). The collaboration agreements include feasibility studies on the natural resource, infrastructure, and finance, and are based on collaborative work to integrate Minesto's technology as a part of the 100% renewable...

The collaboration agreements include feasibility studies on the natural resource, infrastructure, and finance, and are based on collaborative work to integrate Minesto's technology as a part of the 100% renewable energy mix in the region, starting with the Special Economic Zone (SEZ).

"Minesto has been received with serious and strong interest and excitement by a range of stakeholders in Indonesia. Our participation in the Sweden-Indonesia Sustainability Partnership (SISP) Energy Alliance on government level further supports the implementation roadmap to build sustainable and affordable electricity generation based on our technology in Indonesia," says Dr Martin Edlund, CEO of Minesto.

Minesto is a new member of the bilateral program Sweden-Indonesia Sustainability Partnership (SISP) Energy Alliance, and the collaboration agreements signed today is a first step towards build out of several key interest areas in Indonesia. As the fourth largest country by population and one of the largest ocean territories in the world, Indonesia faces a true challenge in the transition from fossils to affordable and suitable renewables. Indonesia consists of more than 17 000 islands, all relying on fossil energy such as coal and diesel, but also possesses one of the world's largest tidal and ocean current natural resources.

"It is central for Minesto's commercial roll-out to establish initiatives in the largest markets with respect to the availability of ocean and tidal currents. In these countries, we can make a significant impact on the roadmap towards a true renewable energy mix," concludes Martin Edlund.

For additional information please contact

Cecilia Sernhage, Communications Manager
+46 735 23 71 58
[email protected]

The information in this press release is such that Minesto AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 11:45 CET on 6 December 2022.

The following files are available for download:

View original content:https://www.prnewswire.co.uk/news-releases/minesto-signs-collaboration-agreements-for-project-development-in-nusa-tengara-barat-region-indonesia-301695620.html