Israel’s Eco Wave Power has taken the wraps off plans to build a 4.1MW project in Mexico’s Manzanillo Port.
The unveiling follows the procurement of a so-called interconnection approval from Mexico’s National Energy Control Centre for 25MW of grid capacity.
The 4.1MW project will be located in the Cuyutlán-Tepalcates beach area of Manzanillo in Colima state.
Eco Wave Power said the municipality of Manzanillo is a potential offtaker of the power that will be generated from the scheme.
The company said it has purchased 5000 square meters of land for the project and has conducted all relevant studies, including an environmental study, wave study, bathymetry and soil mechanicals.
Eco Wave Power has also submitted the project to the Mexican ministry of communication and transportation and a generation permit application to the Energy Regulatory Commission.
The company has raised the first $1m for the scheme and intends to raise an additional $12m within the next six months.
"We are very excited and looking forward to receive the remaining permits and start the construction of EWP's first power plant in Mexico," said co-founders David Leb and Inna Braverman.
Image: Wave project in Gibraltar (Eco Wave Power)