Bahamas Electricity Corp. and Ocean Thermal Energy Corp. have moved toward the construction of two ocean thermal energy conversion plants.
The companies have signed a memorandum of understanding to further the development of two ocean thermal energy conversion plants in the Bahamas in concert with BEC’s efforts to promote renewable energy resources in the interests of Bahamian energy independence and the environment.
This announcement signals the start of OTE’s globalization of its competitively priced renewable energy resource, ocean thermal energy conversion, and BEC’s increased focus on integrating renewable energy systems in businesses and homes that reduce the Bahamas’ dependency on fossil fuel.
