Israel's S.D.E., Mexican firm to set up 1 MW wave power plant in Mexico
(ADPnews) - Dec 6, 2010 - Israel's wave power producer S.D.E. Energy Ltd last week said it had agreed with a large Mexican company to build a 1 MW wave plant near Cancun, Mexico, using its patented sea wave technology.
The company said the plant would be the first of a number of wave power plants to be established across Mexico's two coasts under its joint venture (JV) agreement with Ricardo Mendez, the former chairman of the Mexican Football Association.
S.D.E.'s wave power technology is expected to help meet the rising electricity demand that tops the country's production capacity and to reduce the level of environmental pollution in Mexico.
The plant is seen to be completed in six months. Its construction cost is USD 650,000 (EUR 486,000) or USD 0.02 per kW, S.D.E. said.
S.D.E. added that so far it has established eight wave power plant models funded by Israel's government and has signed power purchase agreements with the power authorities of several countries.