Minesto is close to securing a more than €11m Welsh European Funding Office grant to progress its Holyhead Deep tidal project off Anglesey.
The Swedish developer has entered into formal planning with the Welsh government for a second stage of public funding for the next phase of the Holyhead Deep tidal kite scheme.
The scope of the European Regional Development Fund grant request, first reported by , includes continuous operation of Minesto’s 500kW DG500 tidal kite converter commissioned off Anglesey in the autumn.
The €11.2m grant, expected to be finalised by April, would also be used to install an additional utility-scale device at the Holyhead Deep site plus upgrade and optimise its tidal kite design.
“Our ambition is to continue build on our world-class organisation and asset base in Holyhead, to industrialise our unique technology in North Wales”, said Minesto chief executive Martin Edlund.
WEFO chief executive Peter Ryland added: “We welcome Minesto’s bid for EU funding in support of the next phase of the project and to working with Minesto to bring that bid to the point of funding approval as quickly as possible”.
Minesto was awarded a €13m grant by WEFO in May 2015 to install the first DG500 machine at Holyhead Deep.
