Ambiente
Minesto initiates collaboration with experienced local tidal site developer in the Philippines
In late 2022, changes in legislation were made to facilitate and promote a shift in the energy mix towards more renewable energy development with higher foreign investment involvement. Leveraging on the legislation improvement, Minesto has signed a Memorandum of Understanding with Filipino tidal site developer, Poseidon Renewable Energy Corporation, with the intention to collaborate on establishing tidal energy with Minesto's technology in the Philippines .
In addition to extensive market-leading experience in tidal site identification and development in the Philippines , Poseidon Renewable Energy Corporation is also very well-connected in key local areas. The tidal site developer holds several existing site permits and is locally well-established in areas of specific interest for tidal energy generation. This creates a mutual opportunity to shorten time-to-market and project risks related to environmental consenting and permitting.
" ," comments Dr Martin Edlund , CEO of Minesto.
Salvador Tan , CEO of Poseidon Renewable Energy Corporation says, " ."
Cecilia Sernhage, Communications Manager
+46 735 23 71 58
ir@minesto.com
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