Dec 8 2010
S.D.E. announced that it has started the construction of the first model of the 1000 kW power plant in Cancun, Mexico. The plant will be established completely in the coming six months. This plant will be the initial step towards the construction of more such plants alongside the coasts of Mexico.
S.D.E has entered into an agreement with a delegation of representatives from large corporations of Mexico. A joint venture was signed to develop sea wave power plants throughout Mexico, to address the power shortage problem. The power demand in Mexico has crossed the supply ability of the Central American country.
The Mexican government has planned to approve the sea wave power plant projects as they have high potential in producing power. With considerable level of environmental pollution, Mexico has to execute the sea wave technology of S.D.E, immediately. The technology will offer an inexpensive, clean energy source to the country to reduce the pollution level, without any impact on the industrial and economic growth.
The cost for constructing 1 MW of sea wave power plant is $650,000, when compared to the cost of $3 million for solar energy and $1.5 million for wind energy. Hence, the sea wave power is the most cost effective renewable energy production technology.
Source: http://www.sde.co.il/