Ocean Energy Expansion: Minesto Partners with Trayen Power to Develop Tidal Projects in Chile

## Minesto Eyes Chilean Market in New Tidal Energy Partnership Gothenburg-based ocean energy developer Minesto has entered into a Memorandum of Understanding (MOU) with Chilean project developer Trayen Power, the companies announced on 14 October 2026. The collaboration agreement is designed to identify and capture commercial opportunities in the development of tidal and ocean current energy projects across Chile. The partnership signals growing international momentum behind marine renewable energy technologies, with Chile emerging as a strategically attractive market. The country's extensive Pacific coastline and strong tidal and ocean current resources make it a compelling target for developers seeking to deploy next-generation subsea energy systems. Minesto, which has established itself as a leading innovator in ocean energy through its proprietary 'Deep Green' underwater kite technology, has been steadily expanding its commercial pipeline beyond its established European operations. The company's technology is designed to harness energy from slow-moving tidal streams and ocean currents — resources that are abundant along Chile's coastline but have remained largely untapped. Trayen Power brings local project development expertise and market knowledge that will be critical to navigating Chile's regulatory environment and identifying viable project sites. The MOU framework is expected to lay the groundwork for feasibility studies and, ultimately, the deployment of commercial-scale ocean energy installations. ### Why Chile Matters for Ocean Energy Chile has long been recognised as one of Latin America's most progressive energy markets, with ambitious renewable energy targets and a well-developed regulatory framework for independent power producers. The country's geography — characterised by narrow channels, fjords, and strong coastal currents, particularly in Patagonia — presents exceptional conditions for tidal and ocean current energy extraction. For Minesto, securing a foothold in Chile would represent a meaningful diversification of its project portfolio and a validation of its technology's applicability across diverse marine environments. The collaboration with an established local partner like Trayen Power is consistent with the company's strategy of working alongside regional developers to accelerate market entry. The announcement underscores a broader trend within the maritime and offshore energy sectors, where developers are increasingly looking beyond traditional North Sea and European markets to unlock the vast marine energy potential of the Southern Hemisphere. Final terms of the collaboration and initial project timelines are expected to be disclosed as the partnership progresses through its early development phases.