Eco Wave Power Secures 36-Month LOI for up to 100% Global Project Financing
Eco Wave Power signed a 36-month LOI with UK-based Wavefront Asset Management to secure structured equipment and installation financing covering up to 100% of global project costs. This arrangement aims to accelerate transition from pilot deployments to commercial-scale wave energy installations across multiple markets.
1. LOI Signing Details
Eco Wave Power Ltd signed a non-binding Letter of Intent with UK-based Wavefront Asset Management, establishing a 36-month framework for potential financing collaborations on wave energy equipment.
2. Financing Structure
Wavefront is expected to provide structured equipment and installation leasing solutions, potentially covering up to 100% of project costs through medium-term finance leases with staged payments and credit approvals.
3. Strategic Impact
By reducing capital barriers, the arrangement supports Eco Wave Power's shift from pilot and demonstration projects to commercial-scale deployments across its global pipeline, including Israel, the United States, Europe, and Asia.