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Eco Wave Power Signs Agreement for Feasibility Study in South Africa, Marking Strategic Entry into African Market

Core Viewpoint - Eco Wave Power Global AB has signed an agreement with Africa Great Future Development Ltd to conduct a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa, marking its entry into the African market and aligning with its strategy to expand in regions with high renewable energy demand [1][2]. Company Developments - The feasibility study aims to explore South Africa's wave energy potential, addressing the country's critical energy challenges, where over 80% of electricity is generated from coal-fired plants [3][4]. - The Port of Ngqura is strategically located and technically suitable for wave energy implementation due to its robust breakwater infrastructure and direct ocean exposure [4]. - Eco Wave Power is expanding its international project pipeline, with existing operations in Israel and upcoming projects in the U.S., Portugal, Taiwan, and India, contributing to a total project pipeline of 404.7 MW [5][6][8]. Industry Context - South Africa faces persistent power shortages and environmental concerns, highlighting the urgent need for clean and reliable energy alternatives [3]. - The collaboration with AGFDL is seen as an important opportunity to support Africa's clean energy transition, with wave energy having the potential to deliver sustainable power to underserved communities [5].