Turkey's Ordu Municipality, a northern province located in Black Sea coast, signed an agreement with Israeli company Eco Wave Power for world's largest and Türkiye's first wave energy plant project, Israel Embassy to Türkiye announced on its Twitter account on Thursday.
The agreement was signed between the municipality's subsidiary OREN Ordu Energy and Israeli Eco Wave Power.
With an installed capacity of up to 77 megawatts, the plant will be "world's largest wave energy plant," upon completion, the Embassy said.
The plant will be located in city of Ordu on the Black Sea coast with an estimated cost of $150 million.
OREN will assign nine potentially suitable breakwaters to Eco Wave Power for a period of 25 years from activation of the relevant pilot or power station.
Eco Wave Power will be responsible for constructing and commissioning the power plant, and selling the electricity from the power plant in accordance with an approved production quota to be determined for the site.
By Fuat Kabakci
Anadolu Agency
energy@aa.com.tr