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>

<< Jan 2020 >>
MTWTFSS
30 31 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

Shallow and Deepwater Mexico Exhibition and Conference

Shallow and Deepwater Mexico, an offshore oil and gas exhibition and conference is the key center for the international offshore oil and gas community in Mexico. 

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >

Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >