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Back You are here: Home Renewables Water Power Wave energy company looking for partners for India

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Wave energy company looking for partners for India

Israeli wave power company, SDE Energy signed a cooperation agreement with a major Indian automobile manufacturer for the construction of wave power generation plants along the coast of India.

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SDE uses a set of buoys set upon a breakwater where they can be moved up and down with the motion of the waves. The motion generates hydraulic pressure which is transformed into electricity.

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SDE is now working with the government of India and local partners to build their power plants. The company received letters of intent and a power purchase agreement from the Gujarat government, the Maharashtra government, the Energy Development Agency, the Electricity Regulation Committee and the Electric Company of India PTC.

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This will help clear the way towards obtaining approvals required to build a sea wave power plant.

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The cost of building one of these plants with a capacity of 1 megawatt is put at around 1 million dollars, with a production cost of 2 cents per kilowatt-hour.

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The company is currently looking for partners and representatives to further establish its sea wave power plants.

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To date, the company has built 11 models of sea wave power plant with an investment of approximately 2 million dollars. – EcoSeed Staff

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