Blackbird International Corporation (BBRD) has signed a partnership agreement with ACEP, The Africa Center for Energy Policy, with the goal of installing a sea wave energy power plant to supplement the region’s energy needs.
Blackbird International Corporation’s fully owned affiliate, Wave Electricity Renewable Power Ocean (WERPO) has signed a joint venture (JV)agreement with ACEP, The Africa Center for Energy Policy in Ghana. Shmuel Ovadia, director at WERPO and inventor of its proprietary sea wave energy technology , stated: “This partnership agreement is a great step towards implementing WERPO’s unique sea wave energy in Ghana, where I believe there’s potential for tens of millions of dollars of revenues from the erection and sale of sea wave power plants.”
WERPO and ACEP will work to form a local JV in Ghana, under which they plan to build a sea wave energy power station. While ACEP shall work to attain all necessary authorizations and liaise with the state on all matters regarding the future project, WERPO will provide its renewable and profitable sea wave energy technology.
In addition to providing a new power source to a region suffering from a severe energy crisis, the construction of a sea wave power plant in Ghana will assist in stimulating the local economy through job creation and by introducing a new renewable energy sector utilizing sea waves.
Image: WERPO (WERPO’s technology, initially developed under SDE Ltd.)