The agreement was signed with international marine energy company Eco Wave Power and relates to provision of an initial 0.5MW energy device on the east side of Gibraltar. There is the possibility of further expansion up to a full 5MW plant if the device is successful.
The device will be designed in accordance with the particular Gibraltar wave climate and will also incorporate built-in storm protection and shock-wave protection mechanisms. The agreement is part of HM Government of Gibraltar’s overall plan to increase the level of renewable energy technologies deployed in the territory with a view to ultimately moving away from current dependence on fossil fuels.
Eco Wave Power is currently headquartered in Israel and is the manufacturer of uniquely shaped buoys to capture and convert wave energy into low-cost, clean electricity.
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