🇫🇴 Onshore testing of kite system Dragon 12 completed – now being shipped for installation and commissioning in Faroe Islands

Press release from Minesto

Minesto, leading ocean energy developer, today announces that the Dragon 12 kite (1.2 MW) is now being shipped from the Uddevalla port to Faroe Islands for final stage of commissioning in Vestmanna.

Shipment is now underway for the final stage of system integration at quayside in Vestmanna, Faroe Islands. Work remains to be done regarding installation of the drilled and grouted foundation, this work must be completed before offshore installation of powerplant and start of electricity production.

Extensive subsystem verification and testing at the Minesto workshop in Göteborg has been completed with satisfactory results.

After service and upgrades the 100kW Dragon 4 is in stable electricity production mode at the site in Vestmanna.

For additional information please contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
[email protected]

About Minesto
Minesto is a leading marine energy technology company with the mission to minimise the
global carbon footprint of the energy industry by enabling commercial power production from the ocean.

Minesto’s award winning and patented product is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.

With more than €40 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union’s largest investment in marine energy to date.

Minesto was founded in 2007 and has operations in Sweden, the Faroe Islands, Wales, and Taiwan. The major shareholders in Minesto are BGA Invest and Corespring New Technology.

The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission.

Read more about Minesto at www.minesto.com

Press images and other media material is available for download via minesto.com/media

Financial information including reports, prospectuses and company descriptions is available in Swedish at www.minesto.com/investor.

Originally published on 9 November by Minesto.

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