Eco Wave Power announces the incorporation of a joint venture company with EDF Renewables
Today, Eco Wave Power (Nasdaq First North: EWP, EWPG Holding, SE0012569663) announces the incorporation of a joint venture company with EDF Renewables in Israel. The joint venture bears the name EWP EDF One Ltd, and each of the parties holds 50% in the newly established company. The purpose of the SPV is to collaborate, on an exclusive basis, in the development, financing, engineering, procurement, construction and operation of a 100KW pilot project, using the Eco Wave Power’s technology, to assess further possible collaborations in the wave energy field.
The incorporation of the