Eco Wave Power Marks Key Expansion with Land Lease in Taiwan's Suao Port

Advancing Renewable Energy in Taiwan: Eco Wave Power's Expansion into Suao Port

Eco Wave Power, a recognized leader in wave energy technology, has recently taken a significant step forward in its expansion efforts within the Asia-Pacific region. The company has announced a pivotal milestone in its wave energy project at Suao Port, Taiwan, following the signing of a land lease agreement with its local partner, I-Ke International Ocean Energy Co. This collaboration not only underscores the growing momentum behind renewable energy initiatives in Taiwan but also positions Eco Wave Power at the forefront of innovation in clean energy generation.

Details of the Land Lease Agreement

In December 2025, I-Ke, a subsidiary of the Lian Tat Company, successfully signed a five-year lease with extensions available for the designated wave energy project site at Suao Port. This agreement is a crucial regulatory step for Eco Wave Power as it prepares to advance the next phase of its development activities. As part of the lease conditions, the necessary application for transferring land usage rights is expected to be submitted to the Taiwan International Ports Corporation by March 22, 2026. Furthermore, the acquisition of all required port work permits is anticipated by October 2026, ensuring a streamlined path to implement the project effectively.

According to Inna Braverman, Founder and CEO of Eco Wave Power, “The signing of the land lease for the Suao Port project marks a significant milestone for us in enhancing our presence in the Asia-Pacific market. Taiwan's proactive investments in renewable energy solutions excite us, and we look forward to progressing on this project alongside our partner, I-Ke.”

Wave Energy in Taiwan: A Strategic Move

The Suao Port venture represents Eco Wave Power's strategic expansion into new international markets, particularly in an area where the local government is adamant about bolstering its renewable energy portfolio. The partnership aims to demonstrate how wave energy can be effectively integrated into existing port structures to produce clean, sustainable electricity. CY Huang, Chairman of I-Ke, remarked, “We are pleased to support the Suao Port wave energy project and enhance our collaboration with Eco Wave Power. This initiative plays a vital role in Taiwan's clean energy transition.”

As previously announced, I-Ke was awarded the official land use tender from the Suao Port Company to establish a wave energy pilot installation. The designated site comprises approximately 6.75 hectares along the port’s southern outer breakwater, split into three testing zones (A, B, and C), with Zone C allocated to I-Ke following a competitive selection process that concluded in July 2025.

Future Developments and Commitments

Together with I-Ke, Eco Wave Power intends to implement Taiwan's inaugural 100 kW onshore wave energy conversion unit at the site, as per a turnkey sale agreement finalized in late 2024. This project marks a significant stride toward showcasing the viability and effectiveness of wave energy systems in producing renewable electricity tailored for the needs of coastal communities.

As Eco Wave Power continues to expand its network, upcoming projects in Portugal, Taiwan, and India are in the pipeline, collectively representing a development portfolio of 404.7 MW capacity. Eco Wave Power has garnered support and recognition from organizations such as the European Union Regional Development Fund and the United Nations Global Climate Action Award, highlighting its commitment to accelerating the global shift toward sustainable energy solutions.

In conclusion, Eco Wave Power's move into Taiwan's Suao Port is not just an expansion of its operational territory; it embodies the company's commitment to pioneering renewable energy technology and significantly contributes to Taiwan’s overarching renewable energy objectives. As the project progresses, stakeholders remain eager to learn how such advancements can facilitate a greener future powered by wave energy.