Pécem and Eco Wave Power sign MoU to implement clean wave energy generation plant

The Pecém Complex and the Swedish-Israeli company Eco Wave Power signed a Memorandum of Understanding (MoU) to install a clean wave energy generation plant with an installed capacity of up to 9MW at Pecém port terminal.

The actions to be carried out in connection with the MoU will serve as a preparatory phase for project implementation and will be monitored by a dedicated project team composed of representatives from each party.

During the preparatory phase, the parties’ objective will be to complete a pre-feasibility analysis of the project in the Pecém Complex area and finalize the preliminary development of the project proposal. This MoU and its derivatives will also serve to prepare the Concession Agreement to be entered into between the parties pending the results of the pre-feasibility analysis.

“We are extremely excited to collaborate with the Port of Pecém, which seeks leadership and innovation in the production of clean wave energy,” says Inna Braverman – founder and CEO of Eco Wave Power.

“Eco Wave Power has a simple and viable technology that can use the port’s existing maritime structures to produce clean electricity from the waves. This is fully in line with our port’s objectives of becoming the first port terminal in the world to carry out an ocean energy test in tropical waters; this is our contribution to the fight against climate change”, emphasizes Danilo Serpa, President of the Pecém Complex.

According to a study carried out by the Federal University of Rio de Janeiro (COPPE / UFRJ) in 2019, Brazil has an estimated wave energy potential of 91.8 GW, considering the 7,491 km of the Brazilian coast. The study points out that the conversion of just one-fifth of this potential would be enough to supply around 35% of the country’s electricity demand. Another study, performed by the Federal University of ABC in 2020, calculates that the northeast region alone would have an estimated oceanic energy potential of 22 GW. The Port of Pecém is located in this region.

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