Carnegie Wave Energy is expanding its commercial wave and microgrid projects into Sri Lanka through the signing of a Memorandum of Understanding (MoU) with the Lanka Energy Conservation.
The agreement focusses on identifying the opportunities and development pathways for commercial wave energy plants on Sri Lanka, as well as potential microgrid opportunities that would enable CETO wave farms to be integrated into the existing or new power infrastructure to supply clean power and freshwater, Carnegie explained.
The MOU was signed by Carnegie’s Greg Allen, and by Lanka Energy Conservation’s Dammica Wickramaratne in Colombo, Sri Lanka.
Carnegie’s chief operating officer Greg Allen said: “Carnegie has made significant progress in our entry into the small island markets this year. The signing of this MOU provides us with another opportunity to provide services to explore the possibility of incorporating CETO, along with microgrid solutions, to enable high penetration of renewable energy, displacing imported diesel.”
Chairman and managing director of Lanka Energy Conservation, Dammica Wickramaratne added: “Sri Lanka shows good potential for wave, solar and wind energy power. Our population of 23 million is currently powered predominately by a mix of coal, diesel and hydropower with less than only 5% being powered by wind and solar. Sri Lanka is also a signatory to the Paris Agreement for Sustainable Energy development.”