Sweden-based Eco Wave Power (EWP) has entered into an agreement with OREN Ordu Enerji for the potential construction of an up to 77-megawatt wave energy installation in Ordu, Turkey. The estimated $150 million power station would be Turkey’s first grid-connected wave energy station and, upon completion, would be the world’s largest wave energy power station.
Under the terms of the agreement, Ordu Enerji will transfer nine potentially suitable breakwaters to Eco Wave Power for a period of 25 years from the activation of the corresponding pilot or power plant, while Eco Wave Power will be in charge of constructing and commissioning operation of the power plant and selling the electricity generated by the plant in accordance with an approved production quota to be determined for the site.
The 77 MW power station is planned to be constructed in several stages, starting with an up to 4 MW pilot station in the port of Ordu and continuing with the construction, operation, and maintenance of the remaining capacity of the plant of up to 73MW. Ordu Enerji has a right of first refusal to invest partially in different stages of the project.
“With the goal to build a self-sufficient grid, Ordu sees Eco Wave Power as an important asset to fully realizing our potential for 100% clean energy,” said Mustafa Kemal Macit, President and CEO of Ordu Enerji. “The entire municipality of Ordu is excited to fully realize 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.”
The Eco Wave Power and Ordu Enerji agreement reflect a renewed effort to bridge Turkish and Israeli relations, epitomized by a recent phone 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.
“This is an important partnership that we hope further strengthens Türkiye and Israel’s ties,” said Ayşe Mehlika Yıldız Ersen, Third Secretary of the Turkish Embassy in Tel Aviv.