EU funds 60% of capex for a 10 MW tidal kite farm in Ireland

FinanceInternationalInspenetOct 24, 2026, 3:08 PM35 s readAI summary

The European Union's Innovation Fund formalized financing to build a large-scale tidal power plant in Irish territorial waters. The grant will cover 60% of the project's total capital cost for a 10 MW nominal capacity facility using Minesto's tidal kite technology. Simply Blue Group will be the local partner for port logistics and integration with regional supply chains. Funds will be disbursed in stages tied to engineering, procurement and offshore installation milestones.

In 35 seconds

The EU Innovation Fund covers 60% of the capex for a 10 MW tidal plant in Ireland.
The facility will use Minesto's tidal kite technology, based on hydrodynamic lift.
Simply Blue Group will coordinate port logistics and integration with regional supply chains.

Read the full story at Inspenet

IASummary generated by artificial intelligence from a story by Inspenet. It may contain errors: the original source prevails.

energía mareomotriz
Unión Europea
Minesto
Irlanda
renovables

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review
The International Monetary Fund expressed support for the economic rescue bill submitted by Colombia's national government to Congress, calling it a significant step to address the fiscal challenges inherited by the new administration and to strengthen the country's fiscal sustainability. Banco de la República general manager Leonardo Villa asked for the bill to be studied rigorously, while the government warned of negative consequences if it is not approved. The legislative debate is set to begin in the coming weeks.
FinanceColombiaNoticias RCNNov 3AI
Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA
Colombia's parks and attractions industry generated US$1.095 billion in revenue in 2024, 57% more than the US$698 million recorded in 2022, according to a study by the Global Association for the Attractions Industry (IAAPA). The country ranks sixth in sector revenue in the region. Visitors topped 11.2 million in 2024, 45.5% more than the previous year, and the offering reached 988 attractions, with museums and science centers as the largest group.
FinanceColombiaEl TiempoNov 3AI
President requests urgent congressional passage of fiscal adjustment bill
President Abelardo de la Espriella asked Congress to give urgent and insistent passage to the fiscal adjustment bill promoted by Finance Minister Miguel Gómez, citing Article 163 of the Constitution and Law 5 of 1992. The request, also signed by acting Interior Minister Iván Cancino, gives the bill full priority and convenes joint committee sessions. The initiative includes a 15% reduction in the state structure and tax adjustments that would affect the household basket.
FinanceColombiaPulzoNov 3AI
Oil edges lower after U.S. bombs Iran ahead of Election Day
Oil prices swung back and forth on Tuesday and extended losses from earlier in the week, on a day marked by U.S. bombing of Iran ahead of the elections. Major oil stocks also fell, including Chevron and ExxonMobil.
FinanceInternationalInvestor's Business DailyNov 3AI

EU funds 60% of capex for a 10 MW tidal kite farm in Ireland

In 35 seconds

Comments

Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day