Following an agreement with Oren Ordu Enerji, Israel’s Eco Wave Power (EWP) will construct the world’s largest wave power plant on Turkey’s Black Sea coast.
Ordu Enerji will assign nine potentially suitable breakwaters to Eco Wave Power for a period of 25 years beginning with the activation of the relevant pilot or power station, with Eco Wave Power responsible for constructing and commissioning the power plant(s) and selling the generated electricity in accordance with an approved production quota to be determined for the site.
The project is expected to be completed in stages, beginning with a 4 MW pilot station and progressing through the construction, operation, and maintenance of the plant’s total capacity of up to 73MW. Ordu Enerji has a right of first refusal to invest in various stages of the project, with the total project cost projected to be $150 million.
“With the goal to build a self-sufficient grid [in the region], Ordu sees EWP as an important asset to fully realising our potential for 100% clean energy,” said Mustafa Kemal Macit, CEO of Ordu Enerji.
“The entire municipality of Ordu is excited to fully realise 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.”
“This landmark agreement will allow us to provide clean electricity from Turkish waves, for the very first time. With ambitious sustainability goals and regional proximity to our headquarters, Turkey is an interesting location to further implement and develop our innovative wave energy technology,” said EWP CEO Inna Braverman.
“The agreement reflected a renewed effort to bridge Turkish and Israeli relations, exemplified by a recent call between Israeli Prime Minister-designate Benjamin Netanyahu and Turkish President Recep Tayyip Erdogan, who agreed to establish a ‘new era of relations’ between the two countries, discussing ways to significantly strengthen economic and diplomatic ties,” the two companies said in a statement.
“This is an important partnership that we hope further strengthens Türkiye and Israel’s ties,” said Ay?e Mehlika Y?ld?z Ersen, Third Secretary of the Turkish Embassy in Tel Aviv.
Ordu Enerji, a subsidiary of Ordu Metropolitan Municipality, has tried to contribute to Turkey’s sustainable future by utilising renewable energy sources since 2019. Ordu Enerji’s mission is to enhance Turkey’s energy sector, in part by leveraging technologies such as Eco Wave Power’s wave energy conversion units.
The new project is subject to several conditions, including receiving satisfactory feasibility study results and obtaining all necessary licenses and permits.