Minesto News Update 3 November 2017
- Holyhead Deep gravity base structure is 50 per cent complete
- Marine operations services framework awarded
- Minesto and InnoEnergy in Swedish business media Dagens Industri
- IEA: Renewables will give more people access to electricity than coal
- Marine Energy Wales welcomes Minesto’s cost reduction study
Holyhead Deep gravity base structure is 50 per cent complete
The gravity base structure foundation for Minesto’s first commercial-scale tidal energy converter, due for installation in Holyhead Deep off the coast of North West Wales next year, is now 50 per cent complete.
The concrete base is being constructed by Ruthin-based Jones Bros Civil Engineering UK, with more than 60 years of experience in engineering solutions. Jones Bros project manager Eryl Evans said: “This is a complex structure that is progressing well and on schedule. We’re excited to be a part of what will be a significant maritime renewable energy project in North Wales.”
Marine operations services framework awarded
Minesto has awarded a framework agreement to Holyhead Towing Co. Ltd and Leask Marine Ltd for general support services for a variety of marine operational needs. Read more here.
InnoEnergy and Minesto in Swedish business media Dagens Industri
Last week, Minesto’s funding partner InnoEnergy featured in Scandinavia’s largest business media Dagens Industri, telling the story on how they create opportunities for new, renewable energy businesses.
Read the full story in Swedish here (in the print/PDF version, Minesto is highlighted in fact box as one of InnoEnergy’s innovative energy sector investments).
IEA: Renewables will give more people access to electricity than coal
An International Energy Agency (IEA) special report on energy access says that while coal has supplied nearly half of the progress from 2000 to date, its role is set to decline “dramatically”. This is because renewables are becoming cheaper and because the hardest-to-reach people are in remote, rural areas where off-grid solutions offer the lowest cost.
Marine Energy Wales welcomes Minesto’s cost reduction study
Following Minesto’s announcement regarding substantial improvements of the projected Levelized Cost of Energy of the Minesto ocean energy technology, industry body Marine Energy Wales welcomed welcomed this as a positive step forward for the industry.
David Jones, Project Director of Marine Energy Wales commented: “Reducing the cost of energy is an important step forward for our sector. There is no doubt that marine will be able to follow the model that offshore wind and in fact all other renewable technologies have achieved, deployment at scale will drive down costs.”
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