“I am confident that this pilot will prove to be a success.” Mr Roban, who is also the Deputy Premier, said in November 2021 that such a move to wave generation would lead to cheaper bills for consumers, stating: “On completion of the project, the 40 megawatts wave park will provide about 10 per cent of Bermuda's energy needs. Walter Roban, the Home Affairs Minister and Deputy Premier (Photograph by Akil Simmons) The start date for the initiative is dependent on when, and if, Seabased is granted a licence to operate, according to the spokesman. The department was unable to say what consumers, or Belco, may pay Seabased for its electricity, stating that a power purchase agreement would need to be ironed out with the energy company, as with other holders of bulk generation licences, such as Tynes Bay. No details of the site’s proposed location have been given. Initially, it is expected that the scheme will be a two-megawatt pilot project, followed by a 40MW park to provide 10 per cent of the island’s power.

We are pleased that we can attract investors in renewable energy.”

“Any bona fide investor, including Belco, can apply for an innovative licence for new technology, provided they meet the requirements. The spokesman said: “Seabased Limited approached the Government. The DENR insists it has not looked at other companies to supply wave power, stating that Seabased contacted the Government with its proposal. Extracting utility-scale renewable energy from ocean waves is a key to Earth’s future.” In fact, the parks can be designed to provide both habitat and breeding ground for marine life. The materials used, and the mechanics of the parks, are chosen to protect the water and the creatures that live in it. “Our wave power parks are designed to be virtually invisible and require little maintenance. The website says: “Seabased strives to generate renewable, CO₂-free power in a way that is also gentle on the environment.

According to its website, commercial wave power park projects are under development include Bermuda, Ghana and the Canary Islands.

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