U.K. wagers on large-scale wave power

Technology News (May 12 2011) Fossil Fuel , Hydro , Wind

1. The European Union will consider whether a massive wave energy project from Scotland should receive a piece of a renewable-energy and carbon reduction project fund that could total billions of euros. The Pentland Orkney Wave Energy Resource (POWER) project was nominated this week by the U.K. government for the NER300, a fund managed jointly by the European Commission, European Investment Bank, and member states that's named after the 300 million carbon "allowances" being sold to raise the funds. If approved, funded, and built, the wave energy farm would be the largest grid-connected wave energy farm in the world, according to the Scottish European Green Energy Centre. The POWER project as currently proposed would place 24 wave energy converters from Pelamis Wave Power and 10 Oyster 3 wave energy converters from Aquamarine Power in the Orkneys off the coast of Scotland. They would tie in to the Scottish electric ... (Read Full Article)

   Bookmark or Share this article

Login to comment.