Eco Wave Power Global AB (publ), a leading developer of onshore wave energy technology, has announced the signing of an agreement with Africa Great Future Development Ltd (AGFDL) to conduct a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa. This marks the company's strategic entry into the African market, aligning with its goal to expand into regions with a high demand for renewable energy and strong coastal resource potential. The study aims to explore South Africa's significant wave energy potential, addressing the country's critical energy challenges, which include heavy reliance on coal-fired power plants and persistent power shortages. The Port of Ngqura, operated by Transnet National Ports Authority, is strategically situated with robust infrastructure, making it suitable for wave energy implementation. This initiative is part of Eco Wave Power's broader strategy to demonstrate wave energy's scalability and viability across diverse global markets.
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