Minesto advances toward EUR 20.2 million EU grant for Irish tidal power project

Bitget2026/10/29 08:02

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Minesto selected for EUR 20.2 million in EU Innovation Fund funding for its planned 10 MW Euro Dragon Farm tidal project in Ireland.
Grant agreement preparation is underway, with signing expected in the first quarter of 2027.
A planned rights issue of approximately SEK 130 million would support initial commercial projects, prioritizing Hestfjord in the Faroe Islands and Euro Dragon Farm.
Subscription commitments and guarantees cover approximately SEK 78 million, equivalent to 60% of the rights issue.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Minesto AB published the original content used to generate this news brief via Cision (Ref. ID: 202610290401BITN____UKPR__SV_20261029-BIT-1724-0) on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Minesto advances toward EUR 20.2 million EU grant for Irish tidal power project

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