Minesto initiates collaboration with experienced local tidal site developer in the Philippines
Minesto, leading ocean energy developer, signs today a collaboration agreement (MoU) that outlines goals, roles, and responsibilities of a strategic collaboration with experienced Philippines-based tidal project developer, Poseidon Renewable Energy Corporation.The Philippines is one of the largest markets for deployment of tidal and ocean current energy farms and the need for renewable electricity is increasing with both economic development and new ambitious goals for increased share of renewables in the energy mix. In late 2022, changes in legislation were made to facilitate and