January 3 (Renewables Now) - Wello Oy has received an order to supply a 10-MW wave energy park in Bali, the Finish wave energy technology developer said last week. This is the company's first order for a commercial wave energy park, which, it says, will be the largest in the world. The contract comes from Indonesian infrastructure construction company Gapura Energi Utama (GEU). The 10-MW array of Wello Penguin wave energy converters will be located next to Nusa Penida Island in Bali. The delivery will be done following completion of the permitting process, which is expected to happen at the end of 2018. "The cost of energy generated with Wello Penguin is already very competitive compared to offshore wind energy, and in serial production we aim for a further 50% cost reduction," said founder and chief executive Heikki Paakkinen. The Wello Penguin device, which has been developed and tested for nearly a decade, floats on water and turns kinetic energy from the waves into electricity. According to Wello, it can be used on almost any ocean coast and the potential market for the device in Indonesia alone is worth more than a billion euros. The company has agreed a representation deal for this market with GEU. "Indonesia’s ocean wave energy potential is more than 17 GW, but not yet explored at all," said GEU president manager Komang Agus Pribadiana.
Finnish company Wello Oy has received its first commission for a commercial wave park , after Indonesian firm Gapura Energi Utama ordered a 10 MW installation in Bali . Delivery of the Wello Penguin Park will be completed at the end of this year , following regulatory approval . Bali has wave potential of 17 GW . Wello Oy The wave park 's potential market in the Indonesian market alone is worth more than € 1bn ( $ 1 ) .