Israel and Gujarat to develop power from ocean waves

[Ruag]

Gujarat government commits $5M to new wave power plant

Israel-based SDE Energy says 5 MW plant could be followed by a 100 MW plant, which has a $700M authorized budget.
Wave power plant developer SDE Energy said today its subsidiary signed a memorandum of understanding with the Gujarat government to build a 5 megawatt power plant that harnesses energy from ocean waves.

The agreement, between Tel Aviv, Israel-based SDE’s subsidiary, Om Sai Mantra Powergen, and the government’s energy and petrochemicals department, aims to commercialize the $5 million plant by December 2010.

The government has also authorized a $700 million budget for the next phase—a 100 MW sea wave power plant to be built by SDE.

Government authorities plans to facilitate any needed regulatory requirements as well as helping the company take advantage of applicable incentives for the first plant.

In 2007, Indian national electric company PCT India committed to purchasing power from the plant on a long-term basis, subject to a power purchase agreement.

SDE claims its patented and patent-pending technology that harnesses and stores energy from ocean waves is highly efficient, inexpensive and weatherproof.

The company has built eight models financed by the Israeli government, with the most recent one having the capacity to generate 40 kilowatts per hour. The first commercial model was deployed about a year ago in the port of Jaffa, located south of Tel Aviv on the Mediterranean Sea.

The company said costs start at $650,000 to erect a 1 MW sea wave power plant, while comparable stations cost $3 million for solar, $1.5 million with coal, $1.5 million using wind and $900,000 from natural gas.

Last year, SDE signed a 25-year agreement with an undisclosed African country to build wave energy projects with a total capacity of 100 MW. The cost is estimated at $100 million (see Israel's SDE plans 100MW of wave energy for Africa).

Another startup developing similar technology to SDE is Boston, Mass.-based Resolute Marine Energy, which has two products, known as wave energy converters, which take energy from the waves and convert them into electricity, compressed air or compressed seawater (see Startup squeezing energy from waves, no grid required).

Gujarat government commits $5M to new wave power plant | Cleantech Group

The collaboration between India and Israel now extends from military affairs to renewable energy.

 

[Beskar]

Report the post, don't reply to it!

 

[DbnReaper]

And Moses parted the Indian sea

I wonder which African country was awarded the contract

 

[Reddy]

Good development - clean source of energy

 

[idea123]

If this pilot project goes well....India's vast coastlines should be explored for this new ( in India) form of renewable source of energy

 

[Peshwa]

Sril Lanka is supposed to be one of the best surfing destinations in the world.....

Assuming that the waves in South India are equally "killer"......there is a vast resource of untapped green energy India can utilize.....

We really need to find alternate sources of enegry to reduce our dependence on Oil and the Middle east!!!