The European Investment Bank (EIB) has selected Swedish tidal energy developer Minesto for in-depth investment advisory support focused on increasing the financial attractiveness and overall quality of the investment offer for a 10 MW tidal energy array as part of a larger build-out in a selected EU market.

Minesto was selected on a complementary basis under the Project Development Assistance (PDA) program, which offers extensive free-of-charge financial advisory support to a few investment opportunities within the renewable energy sector in the EU.