WERPO, an Israeli wave energy developer, has revealed that it is in discussions with Indian government to build wave energy power stations in the country.
WERPO’s delegation met with the representatives of GEDA, India’s Government agency dedicated to exploring new technologies in the renewable energy sector, who expressed interest to implement WERPO’s technology across India’s market of 1.1 billion potential customers, according to Blackbird International (BBRD), the owner of WERPO.
WERPO also met with investors in India who are willing to fund its wave energy technology and would like to set up a WERPO subsidiary in the country to start building power stations, BBRD states.
Construction would start in Gujarat with a 10 MW power station and eventually expand across India.
Shmuel Ovadia , Director at WERPO, said: “India is one of WERPO’s strategic locations. It has the potential to supply enough energy for all of India due to the region’s vast expanse of ocean. This is most important since there is a growing demand of energy in India.”
The cost to build a power station is $1 million per MW, with the selling price of 10 cents per kW, according to BBRD.
WERPO’s wave energy system is based on the utilization of sea waves to yield hydraulic pressure that produces electricity, while exploiting the potential of wave speed, height, depth, rise and fall, and currents beneath the surface of the water.
Image: WERPO/WERPO’s wave energy device