Interim Management Statement 1 January–31 March 2020
CEO Dr Martin Edlund: “Our current strong cash position allows us to focus on creating industrial value and promote the market uptake of our unique product. This fits well with the bigger picture and macro trends where we see and hear encouraging messages from EU leaders and politicians on the support for the renewable agenda.”Significant events during the reporting period · In February, Minesto signed a power purchase agreement (PPA) with the Faroese electric utility company SEV. The PPA comprises both the planned installations of two 100kW systems of Minesto’s subsea kite technology