PLN Indonesia Power and Sweden-based
Waves4Power have signed a Memorandum of Understanding (MoU) to develop WaveEL wave power parks on a large scale in Indonesia over the next few years, with a first contract earmarked for 2023.
Waves4Power is one of the leading wave power developers in the world. It harvests clean energy from ocean waves and converts it to electricity, without emitting harmful CO
2. The energy in the waves is free and has the potential to greatly reduce or even eliminate the need for power from fossil fuels. Harnessing just 1% of the wave energy available on the USA’s West Coast is estimated to be enough to supply one-third of the country’s total electricity needs, according to
Electric Power Research Institute USA.
The MoU was reached during Sweden-Indonesia Sustainability Partnership Week (SISP), a platform for multi-stakeholder dialogue to establish collaborations between Sweden and Indonesia to achieve the 2030 agenda for Sustainable Development Goals (SDG).
Sweden has had similar challenges to those now faced by Indonesia, including environmental pollution, inadequate waste management systems, and a high dependency on fossil fuels. To meet the ambitious targets of the SDG, Sweden and Indonesia have fostered collaboration and have cooperative agreements at government level to build a more sustainable world together.
Waves4Power has been part of the Business Acceleration Programme Indonesia (BAPI) initiated by The Swedish Energy Agency and run by Business Sweden in Indonesia. Through this programme, Waves4Power has established a presence in Indonesia with a local representative, PT Bina Muda Teknikatama which has represented Waves4Power at events and meetings and identified several business opportunities for Waves4Power.