Spanish company Abengoa is the leader in solar energy, although in recent months has entered the wind in Uruguay and now in marine energy.

Wavebob, wave energy company, and Abengoa, an international company that applies innovative technology solutions for sustainable development in the energy and environment, announced the planned collaboration between the two companies will work together on research, development and marketing systems of power generation from the waves.

Considered one of the leading wave energy technologies worldwide, the converter Wavebob Ltd. is able to harness the immense power of the ocean to produce clean power and low cost. A large-scale park wave energy, comprising 100 units, will be able to produce over one megawatt of power, enough to supply over 30,000 homes.

During his speech, Andrew Parish, CEO of Wavebob said, “given the leadership position of Abengoa in developing energy technologies, this collaboration provides a great experience with global reach to Wavebob. Abengoa is aware of the challenge of development advanced new technology and is ready to transform this challenge into an economic opportunity. Together we share the ambition to lead the commercialization of ocean energy resources worldwide, untapped. ”

José Domínguez Abascal, technical general secretary of Abengoa, said during the announcement that “the wave power is perfectly suited to the strategy that Abengoa develops innovative technology solutions for sustainability, which is why we consider worthwhile to make joint R&D efforts with the right partners and exploring the potential within this field of new business.”

Wavebob and Abengoa have plans to work at least six years, during which they plan to complete the program of research and development as soon as possible to meet the increasing wave energy business opportunities in Europe and the United States. Both companies will collaborate on research, technological development and economic evaluation of the possible areas of operation of the global energy.

The partnership announcement came during an official visit to Spain from Irish President Mary McAleese.

Enterprise Ireland, as an institution established by the Government of Ireland for the promotion and development of Irish trade and technology worldwide, is very proud of this cooperation agreement between Wavebob and Abengoa. This collaboration not only a guarantee of success for both companies, but also a strong boost to the Irish technology and innovation in our country from the hands of one of the top leaders in this sector.

Abengoa is an international company that applies innovative technology solutions for sustainable development in energy and environment sectors, generating electricity from the sun, producing biofuels, desalinating sea water or industrial waste recycling.

Wavebob is a technology company specializing in power generation from ocean waves and successful pioneer in producing electricity from marine energy. Founded in 1999, Wavebob is headquartered in Ireland with operations in the United Kingdom and the United States.

In addition, Wavebob, a company with which Enterprise Ireland has been working for several years, ensures a stable presence in one of the most promising sectors for both countries, such as the energy alternatives to fossil fuels or petroleum.

The UTE, Uruguay’s national electricity and transmission company, has awarded Abengoa construction, operation and maintenance for 20 years of a wind farm with an installed capacity of 50 MW, which is located in the Uruguayan city of Peralta, in Tacuarembo. This project will supply renewable energy for a population of 50,000 people, saving some 100,000 tons of CO2 emissions into the atmosphere each year.

The park will have 25 wind turbines should be operational within a maximum of three years, according to the time of the bidding process and award of UTE. Abengoa will operate the wind farm for 20 years under a concession model also determines a fixed price paid for each MWh of electricity generated.

The future park will comprise 25 wind turbines of 2 MW each, producing enough energy to meet demand Tacuarembó area. The town of Peralta has abundant wind resources and relatively homogeneous throughout the year, without major fluctuations in its speed, allowing a good performance in the park when in operation.

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