Israel-based Eco Wave Power, one of the few companies that was able to commercialise its technology for generating electricity from waves, is looking for a strategic partner in India to start a pilot project and then scale operations across the country.
Inna Braverman, the company’s co-founder told BusinessLine that Eco Wave Power is holding talks with several Indian companies, including Adani Group.
According to 2014 report by CRISIL and the Indian Institute of Technology Madras (IIT-Madras), India’s total potential from tidal energy and wave energy is estimated at over 53 GW, which is almost one-fourth of government’s target of 227 GW of renewable energy capacity by March 2022.
West Bengal, Maharashtra and Gujarat are believed to have the most potential for wave energy. Read More