Minesto eyes South American tides

Swedish tidal energy developer, Minesto, has joined a Swedish Green Tech trade mission on a visit to Argentina to explore market opportunities for Deep Green application in South America.

The trade mission is coordinated by Business Sweden and led by the Swedish Minister for EU Affairs & Trade, Ann Linde.

The program includes seminars where Minesto will have the opportunity to present the company and its Deep Green technology to representatives and decision makers from Argentina’s public and private sectors, which will, amongst others, include Sebastian Kind, Under Secretary of Renewable Energy in Argentina.

The mission follows the program of individual meetings with selected business players and political representatives Minesto carried out in Chile last week.

“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 best conditions for tidal energy in Chile. We have also met with potential investors in renewable energy and stakeholders that are supporting the entry of new technology in the Chilean market,” said Stefan Karlsson, Board member of Minesto who is representing the company during the Chile and Argentina visits.

Chile and Argentina have recently established national targets to achieve 20% renewable energy in the energy mix by 2025, which is several times higher than current levels, according to Minesto.

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

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