Publicly traded wave energy developer, Eco Wave Power, has announced the strategic collaboration with Painhas for the technical support for the licensing of its’ Portugal project.

Painhas, which was founded in 1980, has more than 40 years of experience in providing engineering and construction, operation and maintenance services for the energy sector in Portugal and other countries (including Production, Distribution and Power Transmission sectors)

Painhas will take an integral part in the technical support needed for the official licensing procedures for the Eco Wave Power planned 20MW wave energy project in Portugal, as part of the company’s newly signed Concession Agreement with the Port Authority of Leixões, APDL.

Once licensing is obtained, the parties will work towards a continued collaboration for the execution of the project.

Helena Painhas, member of the board, said: 
“The Company has a mission of taking an active part in the implementation of innovative renewable energy sources in Portugal. In the past, we have provided our engineering and construction services to the wind, solar and hydro industries, and we believe that now it is the right time to expand to the promising wave energy sector, through our collaboration with Eco Wave Power”

Inna Braverman, Founder and CEO of Eco Wave Power said: 
“We are very pleased to announce our strategic collaboration with Painhas, which is a top tier expert in the energy sector in Portugal. We believe that such collaboration will shorten our licensing procedures and enable us to reach the next step of our Portugal project.”

EWPG Holding AB is a Swedish company, founded in Tel Aviv, Israel, in 2011, that has developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power is the only wave energy company in the world, to own and operate a wave energy array, which is connected to the grid in accordance with a Power Purchase Agreement (PPA).

KeyFacts Energy: Renewable Energy news