A 25 year concession to build wave power plants with a total capacity of 100MW for an undisclosed country in Africa has been announced by SDE Energy Ltd. The cost of this project is, says SDE, US $100 million dollars and the expected revenues from the electricity sold are estimated to be approximately US $1 billion dollars.

The company says it has started negotiations with global institutions for insuring the project and providing financial guarantees.

To date, SDE has built 8 models that have operated successfully, the last of which had a power capacity of 40kW. The first commercial model based on this technology, has operated successfully for one year in the port of Jaffa. The company currently has orders with a value of US $3 billion dollars, in addition to signed agreements with several states.