BPCL sign deal for wave energy projects in India

The first phase will include the deployment of a 100 kW pilot project.

Bharat Petroleum Corporation Limited (BPCL) has signed a memorandum of understanding with Eco Wave Power Global AB for the development of wave energy in India.

Under the deal, the parties will jointly develop wave energy projects, beginning with a feasibility study. The first phase will include the deployment of a 100 kilowatt pilot project at BPCL’s Mumbai Oil Terminals, with plans for larger commercial-scale installations across the country.

BPCL will oversee regulatory approvals, permits, and land use consents, whilst Eco Wave Power will provide its patented wave energy conversion technology, conduct research, and optimize power generation efficiency.

This partnership provides Eco Wave Power with a direct entry point into India, which is a major renewable energy market.

The collaboration is also in line with India’s Ministry of New and Renewable Energy’s recognition of ocean energy as a promising renewable resource, with an estimated 40,000 megawatts of untapped potential along the country’s coastline.