Eco Wave Power Opens a Subsidiary in Portugal to Commence Licensing for its’ 20MW Wave Energy Project
Inna Braverman, CEO of Eco Wave Power, with Joao Galamba, Secretary of State of Energy, Portugal. Stockholm, Sweden, 17 September 2020 ----- Publicly traded wave energy developer, Eco Wave Power (Stock Symbol: ECOWVE), announces today the establishment of EW Portugal – Wave Energy Solutions, Unipessoal lda, a wholly owned subsidiary in Porto, Portugal. The strategic decision will enable Eco Wave Power to commence official licensing procedures for its planned 20MW wave energy project in Portugal, as part of the company’s newly signed Concession Agreement with the Port Authority