Seabased signs deal to install 100 MW wave energy park in Ghana

Ghanaian renewables developer TC’s Energy has signed a contract with Sweden’s Seabased for the design, manufacture and installation of a 100 MW wave energy project off the coast of Ada Foah.

The deal, signed yesterday at think tank Ocean Energy Europe‘s headquarters in Brussels by Seabased CEO Oivind Magnussen and TC’s Energy CEO Anthony Opoku, will contribute toward the latter’s 1,000 MW power purchase agreement with the Electric Co. of Ghana Ltd.

“This is a very exciting day for Seabased, and one both companies have been preparing for diligently for years,” Magnussen said. “The necessary studies, permits and agreements are all in place. We feel well-prepared to step into this final phase of manufacturing and delivering the wave park.”

Seabased’s wave energy converters rely on the kinetic motion of the ocean to move buoys moored to linear generators on the sea floor, thus generating electricity.

Seabased was founded in 2001 and has since generated energy using its devices at the Sotenas Wave Energy Plant off Sweden’s west coast. Still, Ocean Energy Europe said its partnership with TC’s Energy represents a significant milestone for the marine hydrokinetic sector.

“This deal is a world first, and a bold step toward commercialization for wave energy,” Ocean Energy Europe CEO Remi Gruet said. “We applaud the Ghanaian government’s out-of-the-box thinking and visionary approach to electricity production. While at an early stage, ocean energy is already investigating global markets and benefitting both the European Union and local economies through access to electricity,local jobs and energy security.”

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