Sweden-based Seabased has secured a contract from TC’s Energy, a Ghanaian renewables firm, to deliver a 100MW wave energy park near Ada, Ghana.
Under this contract, Seabased will have to design, manufacture and install the wave energy plant. As the project scales up, the contract also has an option for a local final assembly of non-core technology.
This is claimed to be one of the largest commercial contracts in the energy wave industry.
After the installation of the plant, TC’s will own and operate the plant. TC has a power purchase agreement for 1,000MW with Electric Company of Ghana.
Seabased CEO Magnussen said: “This is a very exciting day for Seabased, and one both companies have been preparing for diligently for years. The necessary studies, permits and PPA are all in place, and we have the experience of a successful pilot under our belt. We feel well-prepared to step into this final phase of manufacturing and delivering the wave park. We are proud to be working with TC’s Energy, a pioneer in the commercial development of the fantastic wave resource in Ghana.”
Ocean Energy Europe CEO Rémi Gruet said: “This deal is a world first, and a bold step towards commercialization for wave energy. We applaud the Ghanaian government’s out of the box thinking and visionary approach to electricity production. While at an early stage, ocean energy is already investigating global markets and benefiting both the EU and local economies through access to electricity, local jobs, and energy security.
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By GlobalData“This contract marks the culmination of a long process toward building Africa’s first utility scale wave park, and we hope will lead to the expansion of renewable energy across Ghana and West Africa. The commercial viability of Seabased’s mechanically simple, yet robust design appealed from the beginning. It is very well suited for the wave climate of Ghana.”
The contract boosts TC’s Energy’s aim of developing renewable ocean energy throughout Ghana and the West African coast.