S.D.E, a company that produces electric energy from sea waves, intends to construct unique power plants that will generate electricity from sea waves. The power plants will be constructed along the coastal parts of Ecuador main land and Galapagos island.
The Minister of renewable energy and electricity in Ecuador has already invited S.D.E to introduce its innovative technology. Ecuador showed interest in constructing sea wave energy power plants around Galapagos Island that includes Isla Isabela, Isla Baltra, Isla San Cristobal, Isla Floreana and Isla Santa Cruz. The Ministry of Electricity and Renewable Energy (MEER) was also interested in constructing 15 MW sea wave power plants in Jaramijo that can be expanded up to 100 MW.
The Ecuador Government is ready to contribute 60% of the total cost required for building the power plant and to also sign a Power Purchase Agreement (PPA) for 15 years. The Government is encouraging the generation of electricity from clean energy through MEER in view of high electricity costs and oil prices in Ecuador.
S.D.E’s CEO, Mr. Shmuel Ovadia believes that the power plant model would reduce the electricity costs during its operation, where production costs of the model would be just 0.2 cents per kw/h.
The Conelec, an electricity council of Ecuador, has set special tariffs for purchasing electricity generated from clean energy, which can raise upto 40 cents per kW/h.
Great effort has been put in the last decade to develop technologies that are used for producing renewable energy. SDE Energy has developed an economic model based on its technology to generate electricity by utilizing sea wave motion energy. The results and the experimental fieldwork carried out in Israel show that the cost of production of energy from sea waves using SDE's technology is 2-6 cents for 1kW, which is relatively lower than other renewable energies such as wind energy and solar energy.
SDE's technology provides an annual output of 65%, which is higher than other renewable energies such as wind energy with an annual output of 24% and solar energy with an annual output of 22%.
Source: http://www.sde-energy.com/
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