Eco Wave Power Secures Land Lease for Taiwan's First Onshore Wave Energy Project
Event summary
- I-Ke International Ocean Energy Co. signed a five-year land lease for Suao Port's wave energy project site in December 2025, with an option for extension.
- The application for transfer of land use rights must be submitted by March 22, 2026, and all port work permits are expected by October 2026.
- Eco Wave Power aims to deploy Taiwan's first 100 kW onshore wave energy conversion unit at the site under a turnkey sale agreement signed in late 2024.
The big picture
Eco Wave Power's progress in Taiwan underscores the growing global interest in wave energy as a viable renewable resource. The project aligns with Taiwan's commitment to expanding its renewable energy portfolio and demonstrates the potential for wave energy to support clean energy transitions in port infrastructure. With a robust project pipeline of 404.7 MW under development, Eco Wave Power is positioning itself as a key player in the onshore wave energy sector.
What we're watching
- Regulatory Pathway
- Whether Eco Wave Power can secure all necessary permits by the October 2026 deadline and avoid delays in project implementation.
- Technology Integration
- How successfully wave energy can be integrated into existing port infrastructure to produce clean electricity at scale.
- Market Expansion
- The pace at which Eco Wave Power can replicate this model in other international markets, particularly in the Asia-Pacific region.
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