The first phase of the project calls for a 120 KW pilot facility, which will eventually be developed into a 24-MW system comprised of 200 wave energy converters designed by Langlee.

“Unmaksan has analyzed more than 70 different wave power concepts, and we believe Langlee has the most robust technology and cost-effective solution,” Unmaksan Managing Director Serhat Kan said in a news release.

The US$169 million project will be built close to the shoreline in shallow waters near existing distribution systems, the companies said. Unmaksan will build the project and Langlee owns the licensing rights to the technology. Langlee said it expects to receive US$14.7 million in licensing fees from the project.

Earlier this year, the World Bank approved US$600 million in financing for Turkey’s Private Sector Renewable Energy and Energy Efficiency Project. (HydroWorld 7/10/09) Contractors, consultants, and project sponsors have been encouraged to participate in the development of renewable energy projects, including hydropower