Minesto signs memorandum with Morteza Capital to bring tidal energy to the Maldives

FinanceInternationalInspenetOct 26, 2026, 9:33 AM35 s readAI summary

Swedish firm Minesto, specialized in ocean energy, formalized a memorandum of understanding with investment firm Morteza Capital to identify and structure commercial opportunities for tidal technology in the Maldives as an alternative to imported diesel. The project has backing from the Nordic Project Fund (Nopef) for feasibility studies and market prospecting. Minesto has already signed a similar understanding with Trayen Power in Chile and was selected for the Sweden-Indonesia Sustainability Partnership program.

In 35 seconds

Minesto and Morteza Capital signed a memorandum of understanding to structure tidal projects in the Maldives.
The initiative seeks to replace electricity generation based on imported diesel in the archipelago.
The Nordic Project Fund (Nopef) provided resources for feasibility studies and market prospecting.

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
Minesto
Maldivas
renovables
inversión

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Minesto signs memorandum with Morteza Capital to bring tidal energy to the Maldives

In 35 seconds

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