Ghanaian renewable energy company, TC Energy, announced that Seabased, which specializes in converting sea waves into electricity, has been awarded the supply of a key wave power plant. The plant, which will have a capacity of 100 MW, will be constructed near Ada on the estuary of the Volta River.
Under the terms of the agreement, Seabased will design, manufacture and install the wave energy park with an option for local final assembly of non-core technology as the project progresses.
"Both companies have been diligently preparing for years. It will be a very exciting experience for Seabased. The studies, permits and all the necessary paperwork are in place and we feel well prepared to enter this last phase of manufacture and delivery of the wave plant, " commented Seabased CEO, Øivind Magnussen. A pilot phase has already been successfully conducted.
TC Energy, which has a 1,000 MW power purchase agreement with Electric Company of Ghana Ltd. (ECG), will own and operate this plant.