The two Groups were selected by Chilean development organization CORFO (Corporación de Fomento de la Producción) to set up an International Centre of Excellence (ICE) on Marine Energy in the country.
The 8-year project, supported by an approximate 20 million US dollars in cash and in-kind funding, 65% of which coming from CORFO, is aimed at carrying out research and development activities on Marine Renewable Energy (MER) technologies taking into account the specific natural conditions of Pacific Ocean in Chile.
The project will benefit from the support of the Chilean development organization Fundación Chile, the R&D foundation INRIA Chile, research institutions Pontificia Universidad Católica de Chile and Universidad Austral de Chile, as well as Enel Group subsidiaries Chilectra and Endesa Chile.
The International Centre of Excellence, named Marine Energy Research and Innovation Centre (MERIC), will serve as a hub for innovation in Marine Energy in Chile and at global level.