Minesto AB (<a href="https://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE114883&name=Minesto" target="_blank">STO:MINEST</a>) announced on Monday an update and renewal of its existing tidal power purchase agreement (PPA) with Faroese electric utility Sev to adjust the electricity price-level and extend its term for two additional years.