Finland-based AW Energy, an ocean wave energy company, is working with the Government of Sri Lanka to set up a project to harness the potential of ocean wave energy around the southern coast of Sri Lanka.
Wave energy is the largest untapped form of renewable energy in the world. It is on track to produce 10% of the global energy demand in upcoming decades. The global installed capacity of wind and solar power at the end of 2014 was 360 GW and 150 GW respectively, said John Liljelund – CEO, AW Energy.
“WaveRoller is installed in the near-shore area at depths of approximately eight to twenty metres, where it captures the sweet spot of the surge phenomenon as well as avoids the most violent storms. Because the largest waves break naturally before entering near-shore areas, WaveRoller devices elude the devastating waves that can harm offshore installations.”