Eco Wave Power's Taiwanese partner I-Ke signed a five-year land lease agreement with Suao Port in December 2025 for the Suao Port wave energy project site, enabling advancement to the next development phase. This milestone supports the company's Asia-Pacific expansion and demonstration of locally manufactured wave energy systems in new markets.
Key takeaways
I-Ke signed land lease with Suao Port in December 2025 for five-year term with extension option
Land use rights transfer application due to Taiwan International Ports Corporation by March 22, 2026
All port work permits expected by October 2026
I-Ke awarded exclusive rights to Zone C (2.25 hectares) in July 2025
Plans to deploy Taiwan's first 100 kW onshore wave energy unit purchased in late 2024