News from minesto ab A wide array of domestic and global news stories; news topics include politics/government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle. Articles that appear in this section may be written in English or other languages

Latest

23 Apr, 2020, 07:08 BST Interim Management Statement 1 January-31 March 2020

EO Dr Martin Edlund: "Our current strong cash position allows us to focus on creating industrial value and promote the market uptake of our unique...


01 Apr, 2020, 08:51 BST Minesto Secures All Permits for Faroe Islands' Installations

Marine energy developer Minesto and its collaboration partner, the Faroese electric utility company SEV, has been granted all necessary permits and...


19 Mar, 2020, 07:58 GMT Minesto Publishes Year-end Report 2019

CEO Dr Martin Edlund: "At the beginning of 2020, Minesto holds a stronger cash position than ever. This means that we can increase the company's...


16 Mar, 2020, 12:21 GMT Comment on the Coronavirus Situation and Minesto's Activities

Minesto is closely following developments related to the coronavirus disease COVID-19 to assess how governmental actions and restrictions around...


19 Feb, 2020, 12:31 GMT Minesto Signs PPA With Electric Utility SEV for Utility-scale Tidal Energy Installations

Leading marine energy developer Minesto has signed a power purchase agreement (PPA) with the Faroese electric utility company SEV, advancing the...


20 Dec, 2019, 06:48 GMT Minesto's Rights Issue was Oversubscribed by 25 Percent

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG...


09 Dec, 2019, 07:40 GMT Major Owner BGA Invest Participates in Ongoing Rights Issue - Invests an Additional SEK 20 Million in Minesto

Minesto's largest shareholder BGA Invest has subscribed for units for approximately SEK 20 million in Minesto's ongoing rights issue, corresponding...


04 Dec, 2019, 07:16 GMT Subscription Period Starts Today December 4 and Subscription Price for Warrants is Adjusted

Today December 4 the subscription period for Minesto AB's ("Minesto" or "the Company") new issue of units with pre-emptive rights for existing...


02 Dec, 2019, 16:48 GMT Minesto Publishes Prospectus Regarding Rights Issue and Invites to Investor Presentation

On 8 November 2019, the Board of Directors of Minesto AB ("Minesto" or "the Company") decided on a new share issue with preferential rights for...


08 Nov, 2019, 16:51 GMT Minesto Announces Rights Issue of Units of Approximately SEK 86 Million

The Board of Directors of Minesto AB ("Minesto" or "the Company") has decided to carry out a rights issue of up to 6,084,133 units at a subscription...


28 Oct, 2019, 21:06 GMT Minesto Completes a Directed Issue of Units - Raising Proceeds of SEK 60 Million - and Announces Subsequent Rights Issue of Units of SEK 86.5 Million

The board of directors of Minesto AB ("Minesto" or the "Company") has resolved to carry out a directed issue of 4,249,290 Units at a subscription...


16 Oct, 2019, 10:09 BST Minesto Receives Approval for EU-funded Site Project in France

Leading marine energy developer Minesto has received approval for an EU-funded project aiming at installing the company's unique renewable energy...


20 Sep, 2019, 08:22 BST Further Activities to Shift Minesto Staff to New Incentive Plans

The Board of Directors of Minesto AB has decided to offer 1,965,000 warrants to Minesto's staff within the framework of the warrant plan PO5 approved ...


26 Aug, 2019, 12:14 BST Minesto's Management Shifts to New Incentive Plans

Minesto's senior executives in Sweden have acquired a total of 280,000 warrants within the framework of the employee stock option plan PO4 decided by ...


15 Aug, 2019, 08:00 BST Minesto Resumes DG500 Kite System Operations

Leading marine energy developer Minesto has resumed testing of its commercial-scale DG500 kite system at the company's Holyhead Deep site off North...


18 Jun, 2019, 09:14 BST Swedish Energy Agency Awards Funding to Minesto's Innovative Energy Technology

Swedish marine energy developer Minesto has received additional public support and funding for the development and commercialisation of its marine...


10 Jun, 2019, 08:33 BST Minesto Secures €2.5m European Commission Funding for First Customer Project

Leading marine energy developer Minesto has been awarded a €2.5 million grant from the European Commission's SME Instrument programme. The awarded...


31 May, 2019, 06:14 BST Welsh Government Awards €14.9 Million of EU Funding to Leading Marine Energy Developer Minesto

The Welsh Government has announced their continued support to leading marine energy developer Minesto following the award of €14.9 million of EU...


20 May, 2019, 07:21 BST Minesto Partners With Leading Financial Advisor Pareto to Capitalise Commercial Rollout

Swedish marine energy developer Minesto has engaged with leading financial advisor Pareto Securities to intensify relationships with institutional...


11 Feb, 2019, 14:56 GMT Minesto Raises SEK 44.4 Million from Warrants Program

Marine energy developer Minesto has concluded its warrants program of series TO 2. In total, 98 percent of outstanding warrants were exercised, which ...


21 Dec, 2018, 06:13 GMT Minesto Enters Formal Planning Phase With Welsh Government for Second Stage of Public Funding

Marine energy developer Minesto has taken the next step towards commercialisation of its subsea kite technology and the development of the marine...


10 Dec, 2018, 06:11 GMT European Investor InnoEnergy Expands its Involvement in Minesto With €1M Investment

European powerhouse and investor in clean energy InnoEnergy expands its involvement in Swedish marine energy developer Minesto. InnoEnergy has...


12 Nov, 2018, 07:25 GMT Minesto Signs Agreement With Electric Utility SEV for Faroe Islands' Installations

Swedish marine energy developer Minesto has signed a collaboration agreement with the main power generator and distributor on the Faroe Islands, SEV, ...


09 Nov, 2018, 07:42 GMT Minesto Completes Offshore Test Programme of its EU-funded Tidal Energy Project in Wales

arine energy developer Minesto has completed the offshore commissioning and test programme of its EU-funded tidal energy project offshore Holyhead,...


09 Oct, 2018, 08:08 BST Minesto Generates Electricity for the First Time With Commercial-scale Unit

arine energy developer Minesto has achieved initial electricity generation with its first commercial-scale marine energy kite during the...