Seabased is set to build a 10 MW wave power park in Tongatapu, a South Pacific island in Tonga, to help tackle high energy costs. The project will be executed in two phases, with the initial 2 MW phase set to save Tonga an estimated US$2 million in foreign exchange, replace two million litres of fuel, and power 2,800 homes. The second phase will add a further 8 MW and is projected to meet half of Tonga's energy needs, reducing emissions by 20%. The project is expected to come online within two years of the company signing a power purchase agreement (PPA).
In February, Seabased signed a Memorandum of Understanding (MoU) for the project with the government of the Kingdom of Tonga and SIDS DOCK, the small island developing states (SIDS) sustainable energy and climate resilience organization. The project is part of a larger plan to create sustainable energy solutions for small island nations.
Seabased is also planning a 40 MW wave power plant in Bermuda, which will begin with a 2 MW pilot project. The company's wave energy technology converts ocean waves into electricity, offering a renewable energy solution for coastal communities.
