The launch of the Agucadoura project, one of the first commercial wave power farms has taken place in Povoa do Varzim, Portugal. The first phase project will initially generate 2.25 megawatts (MW) of electricity using three Pelamis Wave Energy Converters (PWEC), which are a semi-submerged, articulated structures composed of cylindrical sections linked by hinged joints.

"We are on track for 45 per cent of consumption from renewable energy sources by 2010 but actually a 2020 target of between 55 and 60 percent is perfectly feasible." -- Manuel Pinho, Minister for The Economy and Innovation, Portugal