The marine energy developer has now switched on its 100kW grid-connected tidal kite system in the islands

The consents cover two DG100 tidal kite systems which will be installed off the coast of the Faroe Islands

The PPA with utility SEV covers the planned installations of two 100kW ‘subsea kite’ systems and an additional 2MW capacity allocated for future installations

The move aims to raise capital to enable Minesto to accelerate the commercialisation of its technology and expand to large-scale operations

The firm has received approval for a grant to help it deploy its technology at the grid-connected Paimpol-Bréhat test site

It will support the development and commercialisation of its Deep Green technology

It is working with utility company SEV for the development and operation of its Deep Green technology in Vestmannasund

Minesto aims to expand the Holyhead Deep site to become a commercial 80MW tidal energy farm

It is to conduct a joint feasibility study with the Government of Antigua and Barbuda into the potential deployment of its technology

The move marks the start of the second stage of securing public funding for its tidal technology