The review is based on full disclosure of technical data related to relevant aspects of the Dragon-class technology, ranging from energy conversion performance, production volumes and installation procedures. Comprehensive documentation, workshops with the Minesto development team and a visit to the production site on the Faroe Islands during offshore installation were taken into consideration for the review process.
In a nutshell, the review of technology-readiness supports Minesto’s plan for a first 10MW array build-out in Faroe Islands and the potential for reaching competitive cost of energy (LCOE) levels based on the low system weight, as well as the unique and efficient installation and handling procedures.
“As with all novel technologies, including ours, there is a strong need among potential customers and partners for input from independent trusted sources on risks and commercial readiness, especially as we are scaling-up and moving from single-kite operations to arrays. We can see that the conclusions and quality of the review performed by DNV is of great value for us in satisfying this need,” said Dr Martin Edlund, CEO of Minesto.
Minesto is sharing the review results together with technical documentation with selected partners and potential customers under NDA to move the commercial agenda forward, showcase the technology and provide required transparency.
Moreover, DNV provided guidance on potential risks and suggestions for areas of improvement which have been incorporated into the development agenda.
“It is satisfying to conclude that the technical risks identified by DNV align with our internal assessment and support our development priorities. We are ready and eager to implement this in the immediate next step, delivering the Hestfjord Dragon Farm,” concludes Martin Edlund.
