NEWS
Eco Wave Power Signs a Wave Energy Power Station Sale Agreement with Taiwanese Lian Tat for its First Onshore Wave Energy Project in Asia
Eco Wave Power Global AB (Nasdaq: WAVE) has signed an agreement with I-Ke International Ocean Energy Co., a subsidiary of Lian Tat Company, to sell its first wave energy generation unit in Taiwan. The project will start with a 100KW pilot, potentially expanding to 20MW and ultimately targeting 400MWof commercial capacity on the Taiwanese coastline.
Key points:
I-Ke will fully finance the pilot project by purchasing a turnkey conversion unit from Eco Wave Power.
The location for the pilot has been identified on Taiwan's east coast, with 83 additional suitable sites.
I-Ke will handle permits, land use consents, and local production of components.
The project aims to position Taiwan as a hub for expansion into other Asia Pacific regions.
This marks Eco Wave Power's first official step into the Asian market.
Key points:
I-Ke will fully finance the pilot project by purchasing a turnkey conversion unit from Eco Wave Power.
The location for the pilot has been identified on Taiwan's east coast, with 83 additional suitable sites.
I-Ke will handle permits, land use consents, and local production of components.
The project aims to position Taiwan as a hub for expansion into other Asia Pacific regions.
This marks Eco Wave Power's first official step into the Asian market.
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