S.D.E in talks with Ecuador government to construct sea wave energy power plants

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S.D.E in talks with Ecuador government to construct sea wave energy power plants

By Greentech Lead America: S.D.E, a sea wave energy
technology provider, has announced its plans to build its sea wave energy power
plants along the costal line of Ecuador main land and the island of Galapagos.

The Ministry of Electricity and Renewable Energy (MEER)
has invited SDE to introduce its technology. The Ecuadorian Government,
through MEER is encouraging production of electricity from clean energy.

Ecuador has special interest in building sea
wave power plants in different sites around Galapagos Island such as Isla
Santa Cruz, Isla Isabela, Isla San Cristobal, Isla Baltra and Isla Floreana.

MEER has also showed interest in building power plants in
the main land, in sites like Jaramijo, where it is planned to construct a 15 MW
power plant that can grow to 100MW.

The Ecuador Government will finance 60 percent of the
costs involving building a sea wave power planet, and sign a PPA for 15 years.

The energy production from sea waves by SDE’s technology
cost of 2-6 cents for 1KW, a significantly lower cost compared to other
renewable energy technologies. S.D.E believes that this model will lead to
significant reductions in electricity costs in areas it will be operated, where
the production costs are only 0.2cents per kw/h.

SDE’s technology also offers an annual output of 65
percent, significantly higher yield compared to other renewable energies.

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