Minesto has completed the testing of its sea-bed connection system, which will allow for the generation of renewable energy using tidal streams and ocean currents. The company is developing the 1.2 MW Dragon 12 power plant project which will use the new connection system and be installed in the Faroe Islands, Denmark.
The connection system, designed for use with Minesto's Launch and Recovery System (LARS) technology, enables the LARS frame to be lowered to the sea floor and operated and controlled using remote technology and cameras. The entire system can be operated from a boat above the water.
The turbines will be rotated by ocean currents, which is a more predictable way of generating renewable energy compared to wind and solar. Minesto highlights that water flow direction and rate can easily be predicted, given their regularity.
The Faroe Islands have set a target to source all of their energy from renewable sources by the year 2030.
Country updates
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July 20, 2023
Copenhagen Infrastructure Partners proposes, COP propose development of 500 MW offshore wind project off the coast of the Bay of Bengal
Denmark's Copenhagen Infrastructure Partners (CIP) and Copenhagen Offshore Partners (COP) have submitted a proposal to the Bangladesh government for a 500 MW, US$1.3 billion commercial utility-scale o...
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July 10, 2023
Danish Energy Board of Appeal cancels development permit for 300 MW Aflandshage wind project in Øresund
The Danish Energy Board of Appeal has canceled the development permit granted by the Danish Energy Agency (DEA) in 2022 for the development of the 300 MW Aflandshage wind farm project proposed by...
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June 15, 2023
CIP awards construction contract to Lundsby for Tønder Biogas project development in Jutland
Copenhagen Infrastructure Partners (CIP) and Danish biogas technology provider, Lundsby Renewable Solutions A/S (Lundsby), have signed a contract for the design and construction of the remaining facil...
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June 14, 2023
Omnes secures EUR800mn first close of Capenergie 5 fund
Paris-based private equity and infrastructure specialist, Omnes, had secured the first closing of Capenergie 5, its fifth-generation renewable energy fund, which has secured commitments of EUR800 mill...
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June 05, 2023
Germany, Denmark seal agreement for 3 GW energy island project in the Baltic Sea
Denmark and Germany have signed a legally binding agreement to work together on the 3 GW Bornholm Energy Island project on the Danish Baltic Sea by the early 2030s. The electricity produced on th...
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