Minesto to concentrate Dragon Class operations in the Faroe Islands in 2022

"We are confident that this restructuring of our ongoing projects is the best way forward. This is the most value-creating use of investments, both private and public, in our EU-funded collaborations with the Welsh European Funding Office and the Interreg Tidal Stream Industry Energiser Project. The funding agreements for these projects remain the same, and so does our commitment to develop an 80 MW commercial array off North Wales", said Dr Martin Edlund, CEO of Minesto. "We are confident...

STOCKHOLM, 14/03/2022 (informazione.news - comunicati stampa - energia)

said Dr Martin Edlund , CEO of Minesto.

This decision mitigates potential project delays from the supply chain. Due to the Covid-19 pandemic there have been uncertainties and delivery challenges which are more efficiently managed by concentrating operations to one geographical site.

The new project plan allows for back-to-back commissioning and concurrent operations of the two D4 units and the following D12 utility-scale unit. This will enable Minesto to generate electricity production data from long-term, grid-connected operations for use in all ongoing collaborative projects.

said Martin Edlund

Further, Minesto's collaboration with its French partners also continues, with focus on deliverables within the TIGER project on cost of energy reduction roadmap and demonstration of the low environmental impact of operations. In Wales , the work now focuses on assembly and in-factory testing of the commercial scale 1.2 MW D12 unit and key supporting systems such as bottom joint and installation frames. Production data from this system will support the ongoing site development work towards the buildout of an 80 MW array in Holyhead Deep.

Cecilia Sernhage, Communications Manager
+46 735 23 71 58
cecilia.sernhage@minesto.com

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https://news.cision.com/minesto-ab/r/minesto-to-concentrate-dragon-class-operations-in-the-faroe-islands-in-2022,c3524197

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