Minesto and Stena Line have today signed an agreement in which Stena Line has committed to building an assembly hall on its land at the port in Holyhead, Wales. The assembly hall will be leased to Minesto and used for the upcoming rollout of Deep Green, Minesto’s unique technology for cost-effective electricity production from slow flowing underwater currents.
Minesto’s first commercial power plant array will be installed in Holyhead Deep off the coast of North Wales. The company recently announced plans to expand the project from 10 to 80-MW installed capacity.
The assembly hall in Holyhead Port is a key part of this process, allowing assembly and service & maintenance of the power plants to take place in Holyhead Port.
“We are very pleased to have finalized this agreement with Stena Line. With its direct quay access for offshore transports to and from the 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. We are two companies from Gothenburg, exploiting these ocean energy business opportunities together in Wales, which adds to the excitement”, says Dr. Martin Edlund, CEO of Minesto.
Stena Line has been active in Holyhead for many years, as owner of the port and through the company’s ferry operations on the Irish Sea, with five routes connecting Ireland and Great Britain.
“This investment creates value for Stena Line in several ways and demonstrates opportunities in port operations linked to ocean renewables”, says Björn Petrusson, Chief Commercial Officer at Stena Line. “Our sustainability strategy has a clear focus on clean energy so participating in the development of new renewable energy sources is natural to us. This investment is good for our business and is also an investment in a better future for all of us”, says Petrusson.
The assembly hall is scheduled for completion in June 2017.