The Government of Gibraltar has signed its first power purchase agreement for the provision of renewable energy. The agreement, which is with Eco Wave Power, is for the provision of an initial 0.5MW energy device on the eastside of the Rock.
Eco Wave Power is in talks with large global utilities and renewables companies to provide $10 million to fund 79 megawatts of plants that use the Israeli developer’s technology for harvesting energy from the oceans.
Eco Wave Power has reported the completion of a medium-scale version of its Wind Clapper and Power Wing wave energy generation system. The company has released a video showing the system in action and is currently undertaking testing and evaluation before work begins on the construction of the first commercial scale EWP wave power plant.