Stonehenge Metals Limited, an Australian wave energy developer, is acquiring 99% ofÂ Clean Energy Maldives with a view to deploying a 2 MW project in the Indian Ocean.
Off the coast of Hanimaandhoo, the project would feature Stonehenge’s protean wave energy.
According to Stonehenge, over 100 of the island’s estimated 500 businesses and residence have already expressed interest in acquiring power from the project.
Perth-based Stonehenge said it is working to secure further expressions of interest from potential customers, including some of the island’s largest power users.
“The agreement with Clean Energy Maldives paves the way for a commercial application of the protean technology in the Maldives,” Stonehenge director Bruce Lane said.
“The company is excited to work with CEM and its management who have been instrumental in garnering the very strong support we have for the project from the local government and community on the island.”
Originally from renews