Swedish marine energy developer Minesto has confirmed that it would expand the commercial rollout of its Deep Green technology in Holyhead Deep, North Wales, UK, by increasing the initial tidal energy capacity to 80MW.

To this end, the company has submitted a scoping report to the UK consenting authorities Marine Management Organisation (MMO) and Natural Resources Wales (NRW), in order to seek their opinion on the project.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

According to Minesto CEO Dr Martin Edlund, the increased power generation capacity of the Holyhead Deep project will enable the company to completely exploit its commercialisation of Deep Green technology in the UK tidal streams.

Dr Edlund said: “This expansion enables economies of scale without us having to conduct parallel and costly site development.

"The ultimate goal is to develop Holyhead into an assembly and export hub for Minesto’s international market expansion.”

“We will be able to take greater advantage of the asset base of our operational organisation, partner collaborations and the supply chain in Wales and the UK.”

The expansion of the tidal project will help reduce costs by providing major benefits from volume manufacturing and installation synergies.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Edlund added: “We have also created significant and tangible opportunities for the Welsh and UK supply chain. The ultimate goal is to develop Holyhead into an assembly and export hub for Minesto’s international market expansion.”

As part of a deploy-and-monitor approach, the Minesto Holyhead Deep project will be developed in three phases, of which the scoping report submitted to MMO and NRW is the first step that would help the company secure all necessary leases and consents for up to 80MW.

Image: Minesto will extend the commercial roll-out of the Deep Green technology at Holyhead Deep tidal project. Photo: courtesy of Minesto.