Core Viewpoint - Eco Wave Power has made significant progress in its wave energy project at Suao Port, Taiwan, with the signing of a land lease agreement, marking a crucial step in the company's expansion into the Asia-Pacific region [1][4][11] Project Development - The land lease agreement was signed by Eco Wave Power's partner, I-Ke International Ocean Energy Co., in December 2025, allowing for a five-year lease term with an option for extension [2][4] - The application for the transfer of land use rights must be submitted by March 22, 2026, and all port work permits are expected to be obtained by October 2026, establishing a clear regulatory pathway for the project's implementation [3][11] Strategic Importance - The Suao Port project is a strategic initiative for Eco Wave Power, aimed at demonstrating the viability of locally manufactured wave energy systems in new international markets [4][11] - Taiwan is actively investing in renewable energy solutions, and the project aims to integrate wave energy into existing port infrastructure to produce clean electricity [4][11] Project Specifications - The project site at Suao Port has been designated as 6.75 hectares, divided into three test zones of 2.25 hectares each, with I-Ke awarded exclusive rights to Zone C [5][12] - Eco Wave Power plans to deploy Taiwan's first 100 kW onshore wave energy conversion unit at the site, purchased under a turnkey sale agreement signed in late 2024 [6][12] Company Overview - Eco Wave Power Global AB is a pioneering onshore wave energy company that transforms ocean and sea wave power into clean, reliable, and cost-efficient electricity through patented technology [6][12] - The company is expanding rapidly worldwide, with a project pipeline of 404.7 MW under development, including upcoming projects in Portugal, Taiwan, and India [9][12]

Core Insights - Eco Wave Power Global AB has partnered with I-KE International Ocean Energy Co. to install a wave energy pilot station in Taiwan, marking a significant milestone in the country's renewable energy sector [1][4][5] - The project aligns with Taiwan's national energy transition policy and aims to establish Suao Port as a demonstration hub for innovative green energy [4][5] Company Overview - Eco Wave Power is a leading developer of onshore wave energy technology, recognized for its patented technology that converts ocean waves into clean electricity [12] - The company has a growing project pipeline of 404.7 MW, with upcoming projects planned in various locations including Taiwan [12][13] Project Details - The pilot project will utilize a 100 kW onshore wave energy conversion unit, with plans to expand capacity to 20 MW in the medium term and potentially up to 400 MW along Taiwan's coastline [4][16] - The designated testing area at Suao Port covers 6.75 hectares, divided into three zones, with I-KE awarded exclusive rights to Zone C [3][4] Strategic Importance - This tender award is the first of its kind in Taiwan, setting a precedent for future renewable energy projects and demonstrating the country's commitment to marine renewables [4][5] - The project is expected to validate the commercial viability of wave energy and enhance Taiwan's position in the renewable energy market [5][6]