This quote from an old BGF Equities report still holds true....

This quote from an old BGF Equities report still holds true.

"Until a large scale plant is developed, the economics of smaller scale plants may be better suited to remote area power plants and those operating under carbon pricing regimes and renewable energy target schemes where wave power will be competitive with fossil fuels."

As well, EDF has the exclusive Northern Hemisphere rights to CETO technology, so these agreements in the Indian Ocean as well as any in Australia and Chile would be under CWE's control.