Minesto Joins Government-Backed Sweden-Indonesia Sustainability Partnership
Minesto has been selected for the Sweden-Indonesia Sustainability Partnership to advance tidal energy projects in Indonesia with Business Sweden support.
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what happened
Minesto, an ocean energy developer based in Gothenburg, has been chosen to take part in the Sweden-Indonesia Sustainability Partnership, an initiative backed by the Swedish government. Through the programme, the company will work with Business Sweden to push forward commercial prospects for its tidal power technology in Indonesia.
The work under the partnership's Sustainable Energy Programme will cover finding strategic partners, arranging financing and moving projects forward. One ongoing line is a feasibility review of a possible tidal site near Nusa Penida, southeast of Bali, where the company is working with local partners. According to TradingView, citing the company's press release, Indonesia's ocean energy potential is estimated at about 60 GW.
why it matters
For markets this is a small, early-stage step: the news concerns a niche ocean energy developer and discloses no contract values or financing amounts. Its relevance lies mainly in the renewables sector rather than in broad energy price trends.
tags
instruments
sources
- Minesto Selected For Government-Backed Sweden-Indonesia Sustainability Partnership — Reuters, 21 October 2026 at 07:54 UTC
- Minesto selected for government-backed Sweden-Indonesia Sustainability Partnership to accelerate tidal energy development in Indonesia — TradingView, 21 October 2026 at 08:08 UTC
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