Email
Bookmark
Print
Feed
Share
Sign up for our free e-Newsletters
OPT Wave Farm in Spain Gets Operation & Maintenance Contract
February 2, 2007
|
2 Comments
Pennington, New Jersey [RenewableEnergyAccess.com] The Ocean Power Technologies (OPT) wave power station to be constructed off the coast of the Cantabria region in northern Spain, which will use OPT's patented PowerBuoy technology, signed an operation and maintenance (O&M) contract following the signing of the engineering, procurement and construction (EPC) contract last July.
"The O&M agreement confirms the strong local foundation OPT has established with Iberdrola and our other Spanish partners, from which we aim to build several more OPT PowerBuoy wave power stations in Spain."
-- Mark Draper, Chief Executive of Ocean Power Technologies Ltd. 
With Iberdrola S.A. as its major shareholder, a company will be established to provide renewable wave energy to the Spanish grid will purchase the power station from OPT and is part of the O&M contract.
"The O&M agreement confirms the strong local foundation OPT has established with Iberdrola and our other Spanish partners, from which we aim to build several more OPT PowerBuoy wave power stations in Spain," said Mark Draper, Chief Executive of Ocean Power Technologies Ltd. The EPC contract provides for the 'turnkey' construction and installation of a grid connected PowerBuoy system. Under the O&M agreement, OPT will be paid for the operation and regular maintenance of the wave energy plant for up to 10 years.
Additional Information
2 Reader Comments
Add Your Comment
Registered users, please make sure to Sign-In. We and others want to know your ideas and opinions.
If you are not yet Registered -- it's quick and easy. Just click below. 
|
Recent News |
1 of 2
Extracting the force from each wave passing by,
A beautiful sight for the energy eye,
For just as the sun lifts its head up each day,
To fight with the moon where the ocean's to stray,
Waves churning with conflict, and white foaming sight,
A vertical force changed to circular might,
The buoy is rising and falling each time,
To squeeze out the volts from the harmonic mine,
Through veins of the system hydraulic oil passes,
Turn magnetic fields into electric masses,
Industrial strength through rough weather or fair,
'Lectricity's coming with love and with care,
Clean power production is never to cease.
And Nature rejoices for all is at peace.
adrianakau@aol.com