Minesto and Trayen Power to Collaborate on Chilean Ocean Energy Projects
Ocean energy developer Minesto and Chilean project developer Trayen Power have signed a Memorandum of Understanding (MOU) to jointly pursue tidal and ocean current energy projects in Chile. The agreement establishes a framework for commercial development.
Swedish ocean energy developer Minesto has signed a Memorandum of Understanding (MOU) with Chilean project developer Trayen Power. The collaboration aims to jointly develop opportunities for tidal and ocean current energy projects within Chile.
Chile presents an attractive market for Minesto due to its significant tidal and ocean current resources, coupled with potential for both large utility-scale arrays and microgrid applications. This agreement formalizes the framework for exploring commercial ventures utilizing Minesto's Dragon Class technology.
The initial focus of the collaboration will involve identifying and assessing potential project sites. This partnership is expected to accelerate the deployment of renewable energy solutions in Chile by leveraging Minesto's established technology in the marine energy sector.