History in israel: national electric company and eco wave power enter into country's first-ever wave energy power purchase agreement

Tel aviv, israel , april 3, 2023 /prnewswire/ -- eco wave power global ab (publ) (nasdaq: wave) ("eco wave power" or the "company") is pleased to announce it (through its ewp-edf one subsidiary) has entered into an official power purchase agreement with the israeli national electric company ("iec"), based on the official feed-in tariff ("fit") which was set for the company's newly-installed wave energy project ("ewp-edf one project") at the port of jaffa in tel aviv, israel, by israel's electric authority (iea). with the power purchase agreement in place, a private examiner has successfully approved  the technology's grid synchronization, in accordance with the accepted grid connection standards.
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