Seabased signs agreement with Bermuda for 40 MW wave power park project

Swedish wave energy company Seabased has signed a lease agreement with the Bermuda government for the development of a 40 MW commercial ocean wave power park project. 

The wave energy converter project will be located a few kilometers offshore from Bermuda’s airport on St. George’s Island. Seabased will commence the environmental impact assessment for the project. 

Once operational, the project can generate enough power to meet about 10% of the energy demand of Bermuda.