EverHydro, OceanPixel Team Up on Renewable Projects in Philippines

EverHydro Corporation has entered into an agreement with OceanPixel to develop and implement ocean renewable energy projects in Zamboanga, Philippines.

Through this agreement, Everhydro and OceanPixel commit to the first project to build an offshore renewable power plant in Zamboanga with tidal in-stream energy as the main component.

The agreement sets forth the arrangements for collaboration and covers pre-development, procurement, and implementation of the project.

The two companies have conducted initial site studies and identified potential areas with good tidal energy resource.

Both companies are soon to enter a separate collaboration agreement with Gigawave Corporation, a renewable energy project development company based in Zamboanga, which will secure the Renewable Energy Service Contract for the identified sites.

The value of investments for the development phase of the project is about USD 500,000.

Share this article

Follow Subsea World News

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

ICOE – International Conference on Ocean Energy 2018

The International Conference on Ocean Energy (ICOE) is a global marine energy event focused on the industrial development of ocean energy…

read more >

Deep Sea Mining Summit 2018

The Deep Sea Mining Summit 2018 will bring together a large array of solution providers…

read more >

25th Anniversary International Caspian Oil & Gas Conference

In 2018, the largest oil and gas event in the Caspian Region – the Caspian Oil & Gas Exhibition and Conference Incorporating Refining…

read more >

OFFSHORE WIND – SUBSEA CHALLENGES AND OPPORTUNITIES

This event is organsied in collaboration with Norwegian Energy Partners, Norwegian Offshore Wind Cluster and Sparebanken Vest…

read more >