November 12, 2008
SDE Energy to Build 100MW Wave Power Plant in Africa
SDE Energy, a developer of technologies for sea wave power generation, has received a 25-year concession from an undisclosed country in Africa to build wave power plants with a total capacity of 100MW.
The cost of this project is $100 million and the expected revenues from the electricity sold are estimated to be approximately $1 billion. Meanwhile, the company has started negotiations with global institutions for insuring the project and providing financial guarantees.