Minesto and Stena Line have signed an agreement to build a new assembly hall in Holyhead that will be used for Minesto’s Welsh tidal project.
Under the agreement, shipping company Stena Line committed to building an assembly hall on its land at the port in Holyhead, Wales, by June 2017.
The assembly hall will be leased to Minesto and used for the upcoming roll-out of Deep Green tidal energy technology to be installed in Holyhead Deep, off the coast of North Wales.
Martin Edlund, CEO of Minesto, said: “With its direct quay access for offshore transports to and from site, we have secured a unique location that suits us perfect. In the establishment of our technology, it is also crucial to work with professional and long-term partners such as Stena Line.”
Stena Line has been active in Holyhead as owner of the port, and through the company’s ferry operations on the Irish Sea, with five routes connecting Ireland and Great Britain.
Björn Petrusson, Chief Commercial Officer at Stena Line, said: “This investment creates value for Stena Line in several ways and demonstrates opportunities in port operations linked to ocean renewables. Our sustainability strategy has a clear focus on clean energy so participating in the development of new renewable energy sources is natural to us.”
To remind, Minesto recently revealed plans to expand the tidal project at Holyhead Deep from 10MW to 80MW installed capacity.
The expansion would allow Minesto’s power plants to supply as many as 80,000 Welsh households with locally produced renewable electricity, according to Minesto.