Wello Strikes Wave Energy Deal with GEU in Indonesia
Gapura Energi Utama (GEU), an Indonesian infrastructure construction company has ordered a 10 MW Wello Penguin wave energy park from the Finnish clean energy company Wello.
The park will be located next to Nusa Penida Island in Bali and it will be the largest wave energy park globally. The delivery will take place after the permitting process is finalized, which is estimated to occur in the end of 2018.
The patented Wello Penguin wave energy converter has been developed and tested for almost 10 years. The Wello Penguin floats on water and captures kinetic energy from the waves, which is then turned into electrical power with zero emissions. The device does not have any moving parts in contact with sea water. Remote connection allows for continuous monitoring and adjustment of the solution.
“I am extremely proud that our long-term development work is now rewarded with this order. This is just the beginning, as there is global sales potential for the Wello Penguin wave energy device,” says Heikki Paakkinen, the CEO and founder of Wello.
Wello has also entered into a representation agreement for the Indonesian market with GEU.
Komang Agus Pribadiana, president manager, GEU said: “Indonesia’s ocena wave energy potential is more than 17 GW, but not yet explored at all. Teaming up with Wello is truly a brilliant idea and a strategic maneuver to capture the huge ocean waves utility market. This alliance could ignite the fabrication of a 100% local content hull and other supporting equipment could be produced locally as well.”