News & Media

Minesto signs PPA with electric utility SEV for utility-scale tidal energy installations

February 19, 2020
Picture of the Vestmannasund strait in the North West part of the Faroe Islands. Photo: Warren Cardwell
Press releases
Leading marine energy developer Minesto has signed a power purchase agreement (PPA) with the Faroese electric utility company SEV, advancing the parties’ collaboration to integrate tidal energy in the Faroe Island’s electricity mix. The PPA comprises both the planned installations of two 100kW...Read more »
Minesto and SEV has initiated a first phase of collaboration to integrate tidal energy through Minesto’s Deep Green technology in the Faroe Islands, by installing and operating two grid-connected DG100 systems in the Vestmannasund strait. The long-term ambition is a large-scale build out of tidal... Read more »

Ynys Môn MP visits Minesto’s Holyhead operations

February 18, 2020
Ynys Môn MP visits Minesto’s Holyhead operations
News
Virginia Crosbie, Member of Parliament for Ynys Môn (Anglesey), visited Minesto’s Holyhead office last week and was given a tour of Minesto’s visitor centre and Assembly Hall facility. Minesto’s CEO Dr Martin Edlund, together with COO, David Collier and Business Development Manager, Osian Roberts,... Read more »

Minesto News Update 23 January 2020

January 23, 2020
Press releases
· Video: Company presentation at renewable energy investor event (in Swedish) · Minesto proud sponsor of Marine Energy Wales Conference 2020 · TO3 Warrants has started trading · New International Strategy for Wales launched · EU announce €1 trillion Green Deal Investment Plan · WalesOnline: How the...Read more »
Video: Company presentation at renewable energy investor event (in Swedish) This week Minesto participated in the Swedish investor event Aktiekvällen themed renewable energy in Stockholm and Gothenburg. The company presentation and a following climate change panel debate with CEO Dr Martin Edlund... Read more »

Rights issue of shares and warrants is registered with the Swedish Companies Registration Office

January 20, 2020
Press releases
In December 2019, Minesto AB (publ) ("Minesto" or "the Company") carried out a rights issue of shares and warrants (units). The new shares and warrants have now been registered by the Swedish Companies Registration Office and will be admitted to trading on Nasdaq First North...Read more »
The rights issue comprised 6,085,226 units and the subscription price amounted to SEK 14.12 per unit. One (1) unit consisted of one (1) share and one (1) warrant of series TO3. Each TO3 warrant gives the holder a right to subscribe for one (1) new share in the Company during the period up to and... Read more »

Minesto extends the term for warrants of series P0

December 27, 2019
Press releases
The Board of Directors of Minesto AB (publ) ("Minesto" or "the Company") has decided to amend the terms and conditions of the warrants of Series P0 in the Company. The change means that the subscription period is extended from the end of 31 December 2019 to the end of 30 June...Read more »
In May 2013, the Board of Directors of Minesto decided to issue warrants of Series P0 to employees of the Company. One (1) P0 warrant gives the holder the right to subscribe for one (1) share in the Company at a subscription price of SEK 5.95. The subscription period for the P0 warrants expires 31... Read more »

Minesto’s rights issue was oversubscribed by 25 percent

December 20, 2019
Press releases
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD...Read more »
“We are very pleased with the outcome of the rights issue and grateful for the support we have received from existing and new shareholders. Together with the private placement in October, we have secured financial resources to both deliver our current projects and to give us the opportunity to... Read more »

Seasons Greetings & Happy Holidays!

December 17, 2019
Minesto Christmas 2019
News
From all of us at Minesto, we wish our owners, partners, suppliers, industry colleagues, and everyone working towards a more sustainable world a Merry Christmas & Happy New Year! Enjoy the holidays to the fullest! Note: Our offices are closed from 23 December 2019 to 1 January 2020. If you... Read more »

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