SDE, sea wave power plants, will supply China's southern province, Guangzhou, with hydroelectric power. Depending on the project's success, the company will build 100 additional plants across China. The final deal is estimated in hundreds of millions of dollars.
China's choice of hydraulic hydro-electric power plants complies with its need to find alternative power sources facing the soaring oil prices (it is estimated that within the next two decades, a barrel of oil may cost between 175$ to 300$) and the many typhoons and earthquakes afflicting the country make it difficult to sustain wind or nuclear based power plants.
SDE's deal with China follows another $50 million deal the company signed with China-based Yudean in 2005. China's Nuclear Power Guangzhou is also said to be exploring a similar deal with SDE.
SDE has recently signed a $20 million deal with a San-Francisco power company and another with the Gambian government, as well as with the Federated States of Micronesia.
SDE is a world leader in the planning, building and marketing of power stations, which produce power from sea waves. The company's methods consist of using sea wave motion to generate hydraulic pressure, which is then transformed into electricity. The system takes advantage of the wave's speed, height, depth, rise and fall, and the flow beneath the approaching wave, thus producing energy. SDE's system produces clean energy without detrimental effects on the environment.
SDE's aim is to help convert developing countries into 100% Integrated Clean Energy Industries, support Energy Conservation, Efficiency and Renewable Energy programs. In addition, SDE helps these developing countries fund the joint projects by addressing various financial agencies, including the World Bank and the United Nations. In recent years, various international organizations are providing more than 40% of funding to Renewable Energy producers.