Global tidal energy technology developer Minesto has joined a Swedish Green Tech trade mission to Argentina.

The trade mission is organised by Business Sweden and led by Swedish Minister for EU Affairs & Trade Ann Linde to strengthen its market relations in Latin America.

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Minesto will present its Deep Green technology to representatives and decision makers from Argentina's public and private sectors.

Minesto's CEO Martin Edlund said: “We have all prerequisites to play a major role in the transition to renewable energy in both Chile and Argentina.”

Earlier this month, Minesto organised individual meetings with selected business players and political representatives in Chile.

"We have met representatives of the Chilean Ministry of Energy and we had a constructive meeting with the Governor of Puerto Montt."

Minesto's board member Stefan Karlsson said: “We have met representatives of the Chilean Ministry of Energy and we had a constructive meeting with the Governor of Puerto Montt, which is located in the region with the best conditions for tidal energy in Chile.

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“We have also met with potential investors in renewable energy and stakeholders that are supporting the entry of new technology in the Chilean market.”

Chile and Argentina have recently set national targets to achieve 20% renewable energy by 2025, which is several times higher than current levels.

Currently, Chile and Argentina depend upon fossil fuels and have therefore introduced extensive investments in the transition to greater renewable electricity production.

Martin Edlund further added: “Renewable energy is an area fully in line with both Chile and Argentina’s investment plans for the future. The tidal resource alongside their coastlines is extensive and fit our Deep Green technology very well.

“The meetings in Chile and the trade mission to Argentina is valuable platforms to establish and strengthen relations and get support towards authorities and potential investors in Chile.”