Haf-Afl has a solid background in identification and assessment of the Icelandic tidal resource in combination with in-depth understanding of the local energy market.
”This is a textbook example of a valuable partnership for Minesto in the ongoing work to initiate and accelerate build out of Dragon Farms. Our agenda now is to engage in site identification and feasibility work that leads to investable projects as well as a solid long-term roadmap to add tidal energy to the Icelandic energy mix for the future,” says Johannes Hüffmeier, COO at Minesto.
”The collaboration with Minesto gives us access to a worldleading tidal energy technology highly suitable for the vast Icelandic tidal resource. Over several years, we have invested significant efforts and time into mapping the tidal ocean energy resource and associated factors regarding the energy system. We can therefore move directly into hands-on site development at targeted locations together with Minesto,” says Eyvar Örn Geirsson, Managing Director, Haf-Afl.
Iceland’s wholesale electricity prices are relatively low, however production costs in many remote or off-grid locations are high and frequently coincide with rich local tidal energy resources. Future electricity supply is expected to require a broader mix of technologies, particularly those that can deliver firm, predictable power without increasing pressure on land-based natural resources.
The basis for the Minesto – Haf-Afl collaboration reflects a shared view that the value of tidal energy in Iceland include:
Enhancing energy security and system resilience
Supporting remote or off-grid locations currently reliant on diesel generation
Reducing future capacity bottlenecks as demand grows
Providing predictable, renewable power that complements hydropower and geothermal generation
Minimal land use and visual impact
