Eco Wave enters Asian market with onshore wave project in Taiwan
This will have a commercial capacity of 400 MW.
Eco Wave Power Global AB has marked its entry in Asia with the signing of an agreement for the sale of the first wave energy generation unit with I-Ke International Ocean Energy Co. (“I-Ke”), a subsidiary of Lian Tat Company.
The project will start with a 100 kilowatt (KW) station, which will be increased to 20 megawatts (MW), then 400 MW of commercial capacity on the Taiwanese Coastline.
Under the agreement, I-Ke will fully finance the 100 KW pilot project, by buying a turnkey conversion unit from Eco Wave Power. This conversion unit for the 100KW wave energy power station includes all the hydraulic and electric conversion parts, coupled with the smart control and automation system.
I-Ke has chosen a site on Taiwan's east coast for its first 100KW wave energy station along with 83 other potential locations.
“Taiwan is an island country with a coastline of 1,566 kilometres, with high potential for the installation of marine energy. The construction of Eco Wave Power’s project is relatively easy, and I believe that it will be a significant stepping stone for the development of green electricity in Taiwan,” said CY Huang, chairman of Lian Tat.