Japanese shipping giant Mitsui O.S.K. Lines (MOL) has informed that its proposed wave energy project in Mauritius, to be developed with Bombora Wave Power, received subsidy from the Ministry of Economy, Trade and Industry (METI) of Japan.
MOL has conducted natural environmental protection/recovery projects and social contribution activiites since its chartered bulk carrier, Wakashio, was grounded off Mauritius in July 2020, the shipping company said.
As Mauritius draws up a roadmap to raise percentage of renewable energy to 35% or 40% by 2030, and positions wave power as one of the future power sources, MOL reached out to make the proposal for the program for the contribution to the nation's environmental strategy.
Earlier in 2021, MOL entered into an agreement with UK-based Bombora Wave Power to evaluate the prospects of the wave energy business in Japan and Asia.
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