Swedish tidal energy developer Minesto has finalized a reorganization process aimed at aligning the business for commercial rollout and reducing fixed costs. The changes include geographic consolidation, a trimmed management structure, and tighter product development integration. The company reports a 35% reduction in fixed costs as a result.

Minesto has shut down its Holyhead office in Wales, co-locating its Support and Operations management with the leadership team at its Gothenburg headquarters. Operations now center on the existing site in Vestmanna, Faroe Islands, where the company is working closely with local partners.