Seabased Signs MoUs for Wave Power Plants in Caribbean and Pacific
Seabased, a Swedish wave energy company, has signed two significant Memorandums of Understanding (MoUs) in the Caribbean and the Pacific. These agreements aim to harness the power of waves to meet energy needs and reduce emissions.
In Tonga, Seabased has agreed to develop a 10 MW wave power plant. This project is expected to meet half of the island nation's energy demands and decrease its carbon emissions by 20%. The plant, to be located off Tonga's coast, will be a significant step towards the country's renewable energy goals.
In Barbados, Seabased has partnered with the Barbados Investment and Development Corporation (BIDC) to build a wave energy park. The pilot project will start with a 2 MW capacity, with plans to expand to 10 MW or more. Mark Hill, CEO of BIDC, praised Barbados' proactive approach to energy transitions, stating, 'We're committed to exploring all viable renewable energy sources, including our vast ocean resources.'
Both projects aim to generate reliable, clean energy without disrupting other industries. Barbados' heavy reliance on imported fossil fuels and climate risks have driven the need for renewable energy sources. The wave energy park in Barbados also aims to support the island's green hydrogen research and development. Meanwhile, Danish company Wavepiston is exploring similar projects off Barbados' coast.
Seabased's MoUs with Tonga and Barbados signal a growing interest in wave energy as a clean, renewable power source. These projects, if successful, could pave the way for more wave energy installations in the region, helping countries reduce their reliance on fossil fuels and meet their climate goals.
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