Wedoany.com Report-Oct 09, Wave energy technology developer Eco Wave Power has signed an agreement for the sale of the first wave energy generation unit to I-Ke International Ocean Energy Co., a subsidiary of maritime engineering company Lian Tat Company (LTC).
The purpose of this agreement is to bring Eco Wave Power’s wave energy technology to Taiwan.
I-Ke will be providing full financing for the 100kW pilot project by buying a turnkey conversion unit from Eco Wave Power. This conversion unit for the wave energy power station includes all the hydraulic and electric conversion parts, coupled with a smart control and automation system.
I-Ke has identified the location for this first pilot station on the east coast of Taiwan (along with an additional 83 potentially suitable sites) and it is responsible for obtaining permits, land use consents and any licensing and approvals necessary to complete installation of the planned projects.
Moreover, I-Ke will locally produce the floaters, hydraulic cylinders and all other components of the technology, which are located on the seaside of the marine structure. I-Ke believes this will position Taiwan as the hub for later-stage expansion into other Asia Pacific regions.
