OWC has entered into a partnership with Portugal-based ocean engineering and floating technology company, WavEC to develop floating offshore wind in Portugal.
Portugal plans to auction 10 GW of floating wind potential in 2023. Founded in 2003, WavEC is active in the development of wave energy, offshore wind, aquaculture and ocean engineering projects. Its services include environmental monitoring, technology development, project development, advisory and strategy, numerical modelling and training. WavEC is headquartered in Lisbon, Portugal.