Canaries - powered by waves
Early 2012, Langlee Wave Power AS established a 100% owned subsidiary Langlee Wave Power SLU in the Canary Islands, Spain. It was established as a ZEC (Canary Islands special zone) company in Las Palmas in 2012, with the purpose to reach the very interesting market of the Canary Islands and to move some of the R&D activities of the Norwegian company to the island. The strategy is to have a strong presence in the archipelago establishing close cooperation with local suppliers.
During the first years of activities, the Norwegian company has been developing the conceptual design and the first wave tank modeling. After these successful trials, the company decided to move to the archipelago the following scale testing and the final full-scale prototype construction and testing in the PLOCAN facilities.
Langlee is closing cooperation agreements with different public and private companies from the canaries, among them Repnaval, ITC, PLOCAN, PROEXCA, with the objective of testing and building the pilot model in the island following a strong collaboration for future EU projects.
The proceeds from the canarian R&D project shall enable the company to demonstrate and industrialize the wave energy technology, starting with a prototype to be installed in September 2013, following by a pilot sale in 2014.