Resolute Marine (Cabo Verde) wins SEFA grant from AfDB

January 22, 2016
Resolute Marine (Cabo Verde), a subsidiary of Resolute Marine Energy, Inc., has received a grant from the Sustainable Energy Fund for Africa (SEFA) managed by the African Development Bank (AfDB) to develop and deploy a reverse-osmosis desalination plant powered solely by wave energy. The principal objective of the project is to help address the issue of water scarcity in Cabo Verde as well as the country’s reliance upon diesel-powered desalination to meet the majority of its water needs. The SEFA grant will support the studies and preliminary activities required for the deployment and testing of a pilot-scale Wave2OTM plant and ultimately the procurement and commissioning of a full -scale commercial Wave2OTM plant with a projected production capacity of 4,000 m3 /day. RME COO Olivier Ceberio said, “We greatly appreciate the support of the African Development Bank through the SEFA program and view it as an endorsement that our technology can significantly improve access to water and electricity for coastal populations in developing countries and island nations in Africa and around the World.” Ceberio continued, “We also wish to thank everyone in Cabo Verde who has supported us in this endeavor and especially our partners in government, academia and private enterprise.” SEFA signature Resolute Marine Energy CEO Bill Staby (left) and African Development Bank Manager of Energy, Environment and Climate Change Kurt Allen Lonsway signing the SEFA grant agreement at the International Water Summit in Abu Dhabi. About RME: RME is preparing to deploy a unique technology that harnesses ocean wave energy to produce fresh water and electricity in “off grid” areas of the world and thereby significantly improve access to water and electricity for coastal populations and commercial operations located primarily in developing countries and Small Island Developing States (SIDS). About the Sustainable Energy Fund for Africa: SEFA is a multi-donor trust fund administered by the African Development Bank to support small- and medium-scale Renewable Energy and Energy Efficiency projects in Africa. In many African countries, smaller clean/renewable energy projects are potentially viable from a commercial perspective, but the initial development costs often prevent these projects from accessing necessary financing. SEFA is founded on the premise that reliable, clean and affordable energy can contribute to strong African economies and can have a positive impact in creating employment opportunities across the continent.