Yam Pro Energy from Israel has signed an MOU with Shapoorji Pallonji Group, the owners of the TATA Group, to build a wave energy power station in Ghana.
To be completed in the upcoming three years at a scope of 150 MW generation ($180,000,000). The initial phase will be 10 MW and expanding thereafter. The partnership will be between Yam Pro, a local partner and SP with the responsibility to raise the finances.
Zeev Peretz and Laser Rothshtein, the joint CEO's of Yam Pro, have released a joint statement: "We are very excited today reaching such a substantial milestone as one of the largest EPC companies in the world is giving confidence in our technology and company and are willing to start a cooperation in Ghana. We are hoping this will be a start of a global cooperation with SP that we can together revolutionize the energy market around the world."