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Located on the east side of Gibraltar, on a former World War II ammunition jetty, the Gibraltar Wave Farm is the first commercial, grid-connected wave energy power station in all of Europe. The project utilizes the devices of Eco Wave Power Ltd, an Israel-based wave energy company. The wave farm was initially launched with an estimated peak capacity of 100 kW in April 2016 and plans for expansion to 5 MW within the next years. The project is operating through a 25-year PPA between Eco Wave Power, the Government of Gibraltar, and the Gibraltar Electricity Authority. Upon completion, it is expected generate 15% of the total electricity consumption of Gibraltar. The project is funded, in part, by the 2014-2020 European Regional Development Fund, in order to put the country in line with the EU's renewable energy goal: 20% energy generated from renewable power by 2020. The project is also funded by private investment groups.
As of February 2018, the Gibraltar Wave Farm accrued 15,000 grid connected hours, a new world record for wave energy plant.
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