Port Adriano has reached an agreement with Eco Wave Power, a leading company in the development of clean energy from sea waves.
Once completed, the plant will be capable of producing up to 50% of the energy consumed by Port Adriano.
Port Adriano and Eco Wave Power Global, a leading Swedish company in the production of clean electricity from sea waves, have today signed an agreement to install a single-wave power plant of up to 2MW on the dock of the Mallorcan port.
Under the agreement, Port Adriano will cede to Eco Wave Power an area under its concession for a period of 20 years, while Eco Wave Power will be responsible for obtaining all licenses, constructing, managing the plant and marketing the electricity it generates, in accordance with a pre-set production quota. Port Adriano and Eco Wave Power have already contacted Ports de les Illes Balears to inform them of the project and will proceed from today to carry out all the necessary legal procedures for the installation of the plant, the first of its kind to be set up in Spain.
The construction and commissioning of the plant is expected to be carried out in two stages. In the first stage, Eco Wave Power will build a first installation of up to 1MW. In a second phase, the construction of the plant will be completed in order to provide it with the necessary structure to be able to reach up to 2MW. Initial studies estimate that the facility will be able to generate up to 50% of the energy consumed by Port Adriano.
The agreement contemplates that Port Adriano will have the right of first refusal in the purchase of the energy generated and the possibility of co-purchasing the energy generated.
According to Inna Braverman, founder and CEO of Eco Wave Power, “Spain has an ambitious renewable energy transition target of 74% of total electricity generation by 2030. In addition, the country has 8,000 kilometres of coastline, which is a very good scenario for us to install wave power plants. We are enthusiastic about the collaboration with Port Adriano and we thank them for being the first to commit to this type of clean energy”.
Antonio Zaforteza, CEO of Ocibar, the company that manages Port Adriano, said: “Eco Wave Power aligns perfectly with Port Adriano’s vision of sustainability and innovation, creating a new way of generating renewable energy that will help our port and our country achieve the ambitious goal of transitioning to green energy to tackle the climate crisis. We are delighted to welcome this innovative project to the port”.
As a member of the European Union, Spain is subject to European energy and climate change targets. The 2030 targets include: a 23% reduction in greenhouse gas emissions compared to 1990 levels; a 42% share of renewable energy in energy end use; a 39.5% improvement in energy efficiency; and a 74% share of renewable energy in electricity generation. Spain’s commitment to renewables is evidenced by the fact that the share of renewables (including non-renewable waste) in the national electricity mix grew from 24% in 2009 to 38% in 2019. In addition, Spain plans to phase out carbon as well as nuclear energy in the coming years. The phase-out of coal appears to be on track, as coal provided only around 5% of electricity generation in 2019 and even less in 2020. Nuclear power, which accounted for 22% of power generation in 2019, will start to be shut down from 2027. Four of Spain’s seven nuclear power plants are scheduled to close by the end of 2030, representing around 4 gigawatts of capacity.
This scenario is an opportunity for Eco Wave Power to contribute to this transition to renewable energy by making wave and ocean generated electricity an important renewable energy option in our country.
About Eco Wave Power Global AB
Eco Wave Power is a Swedish technology leader in wave power generation. Eco Wave Power’s mission is to contribute to the fight against climate change by providing renewable energy from ocean and sea waves. The company has received numerous awards and recognitions including the United Nations “Global Climate Action Award”.
About OCIBAR / Port Adriano
Port Adriano is a marina owned by Ocibar, a Mallorcan company that has specialised for more than 30 years in the marine sector.
