Lisbon, Portugal, 1st July 2022: Backed by the powerful SIDS DOCK Bureau comprising the Prime Ministers of the Kingdom of Tonga and Belize and the President of the Republic of Seychelles and the SIDS DOCK coalition of 32 countries, São Tomé & Príncipe and Global OTEC signed the world’s first agreement to develop a PPA for the development and deployment of a 1.5MW floating Ocean OTEC platform offshore São Tomé island.
Under the initiative of the Global Ocean Energy Alliance (GLOEA), as members and signatories of a Public Private Partnership (PPP), the government of São Tomé and Príncipe, along with partners SIDS DOCK, the United Nations Industrial Development Organisation (UNIDO) and Global OTEC have arrived at an important milestone. The parties’ signatures of an MoU marks the basis of a mutual understanding of the legal and commercial parameters involving the deployment of OTEC technology to the twin-island nation of São Tomé and Príncipe.
