Marine energy developer Minesto and its collaboration partner, the Faroese electric utility company SEV have been granted all necessary permits and consents for the installation of two grid-connected tidal kite systems in Faroe Islands.
The permits and consents cover two DG100 tidal kite systems which will be installed off the coast of the Faroe Islands, as the outcome of the collaboration between Minesto and SEV.
Minesto has been granted €3.5 million (£3m) funding through the EU’s EIC Accelerator and the Swedish Energy Agency for the deployment of the project and the development of the DG100 marine energy converter.
Martin Edlund, CEO of Minesto, said: “We have had great support by SEV and the Faroese authorities to reach this crucial achievement. SEV has made terrific work to secure all necessary permits for our first installations in the Faroe Islands through a very efficient process.”