Israeli-based company to build a 4.1 MW wave energy power plant in Colima
Eco Wave Power Mexico, a subsidiary of Israeli-based wave energy developer Eco Wave Power (EWP) has unveiled plans to construct a 4.1 MW wave energy power plant in the Mexican state of Colima, the company revealed in a press release.
The company announced the plans right after the project secured an Interconnection Approval from the National Energy Control Center in Mexico (CENACE) for 25 MW of grid capacity.
EWP plans to execute the project gradually, starting with a 4.1 MW wave energy power plant, to be located at the Manzanillo Port.
Eco Wave Power Mexico already purchased 5000 square meters of land for its machinery and conducted all relevant studies, including an environmental study, wave study, bathymetry and soil mechanicals.
The construction of the project is expected to begin upon the receipt of the final permits, which include the authorization of works by the Secretariat of Communications and Transportation of Mexico (SCT), and generation permit by the country’s Energy Regulatory Commission.
EWP Mexico raised the first US$ 1 million for initial works for the project, and announced its intention to raise additional US$ 12 million within the next six months.
David Leb and Inna Braverman, EWP’s co-founders, said in a joint statement: “We are very excited and looking forward to receive the remaining permits and start the construction of EWP’s first power plant in Mexico.”
The Eco Wave Power wave energy convertor is an award-winning technology to harvest wave energy from high and low waves.
The company has developed and commercialized its 100% owned patents, which are capable of producing large amounts of affordable, zero-emission renewable power.
Eco Wave Power is the sole global inventor, owner, and developer of the unique EWP wave energy device. The company designs, manufactures, and operates the EWP wave energy convertors.