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.
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.
“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.
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.