Swedish marine energy developer Minesto AB (STO:MINEST) on Monday said it will partner with Taiwan Cement Green Energy (TCCGE), a business of Taiwan Cement Corp (TPE:1101), to pursue tidal and ocean current energy projects in Taiwan.
Under a collaboration agreement, the parties will work together on economic and technical feasibility studies of selected sites, site development and applications for feed-in tariffs (FiTs). Minesto noted of the new ocean energy electricity FiT introduced in 2022 to support the energy translation in Taiwan.
The Swedish marine energy technology firm’s chief executive Martin Edlund commented that Minesto’s Dragon devices “are still in the early stage of commercial deployment and that makes this collaboration even more valuable for us, them and Taiwan.”
”We are looking forward to working with one of the strongest and most renowned companies in Taiwan to seek synergies in local production and supporting infrastructure, while leveraging on Taiwanese manufacturing and technology strengths,” added Yung-Lung Chen, project manager of Minesto Taiwan.
