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>

<< Aug 2018 >>
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

The European Corrosion Congress – EUROCORR

The European Corrosion Congress – EUROCORR, the EFC’s annual conference, is the flagship event of the European corrosion calendar…

read more >

ONS 2018

Offshore Northern Seas (ONS) provides a platform for the presentation of the political, economic and technological issues involving…

read more >

FPSO World Congress 2018

FPSO World Congress 2018 will take a closer look at the overall life-cycle of an FPSO…

read more >

EIC Connect Oil & Gas USA 2018

EIC Connect Oil & Gas USA 2018 is the Energy Industries Council’s (EIC) not-for-profit event designed to promote…

read more >