June 21 (Bloomberg) -- Enel Green Power SpA, a unit of Italy’s biggest utility, agreed to work with U.K.-based 40South Energy Ltd. to install a wave energy machine off Tuscany.
40South will install and commission the 150-kilowatt machine in the sea at Punta Righini, Rome-based Enel Green said in a statement on its website. It will generate enough electricity to power more than 80 homes, it said.
After the pilot project is completed, Enel Green plans to examine the possibility of installing more generators in other marine environments, it said in the statement.
Europe has the potential to install as much as 100 gigawatts of energy from the waves and tides in the next three decades, according to the European Ocean Energy Association. More than 600 million euros ($793 million) has been invested in the industry by European Union member states in the last seven years.
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