It will be jointly built by a Swedish and a Turkish company.
The project would cost $150 million but no date has been announced for its completion.
“With the goal to build a self-sufficient grid [in the region], Ordu sees EWP as an important asset to fully realizing our potential for 100% clean energy,” said Mustafa Kemal Macit, CEO of Ordu Enerji. “The entire municipality of Ordu is excited to fully realize the sea’s potential and use its unlimited source of energy to power our electrical grid. This project demonstrates that Ordu Enerji is committed to investing in innovative clean energy technologies.
The company has also been awarded grants by the European Union Regional Development Fund, Horizon 2020, the Energy Ministry of Israel, Innovate UK, and the European Commission’s Horizon 2020 framework program.“This landmark agreement… will allow us to provide clean electricity from Turkish waves, for the very first time.
Meanwhile, Ocean Energy Europe, the industry’s representative body in Europe, has said that 100GW of wave energy capacity could be installed in the region by 2050, meeting 10 percent of member states’ power demand.
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