European Commission selects Minesto for 20.2 million euro tidal kite grant
The European Commission has selected Swedish developer Minesto for a 20.2 million euro grant to fund a proposed tidal kite array in Ireland.
FTMQ Climate, written by our newsroom0 views
The European Commission has selected Swedish ocean energy developer Minesto for a 20.2 million euro grant from the Innovation Fund, Offshore Energy reported on October 19, 2026. The funding will support the planned 10 megawatt Euro Dragon Farm tidal kite array located in Ireland. [1]
The grant is designed to cover 60 percent of the required investment for the Euro Dragon Farm project, according to Offshore Energy. Minesto is now entering the grant agreement preparation phase for the deal. [1]
The island of Ireland features a temperate maritime climate influenced by the Gulf Stream, which surrounds its central plain and coastal geography. [2]
Minesto will sign the final grant agreement with the European Climate, Infrastructure and Environment Executive Agency, Offshore Energy reported. The process is expected to be completed in the first quarter of 2027. [1]
In short
- The European Commission selected Minesto for a 20.2 million euro Innovation Fund grant.
- The grant will cover 60 percent of the investment for a 10 megawatt tidal kite array in Ireland.
- Minesto expects to finalize the grant agreement with CINEA in the first quarter of 2027.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]EU grant to cover 60% of investment for 10 MW tidal kite array in IrelandOffshore Energy, 1d ago (the report this story comes from)
Background
- [2]Ireland on Grokipedia
Our newsroom writes these reports with the help of software, from the 2 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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