OPT Wins AU $66.5M Grant for Wave Power Project
November 17, 2009
|
Post Your Comment
New Jersey, United States [HydroWorld.com] Ocean Power Technologies (OPT) has received a AU $66.5 million [US $61 million] grant from the Australian government to build a 19-MW wave power project off the coast of Victoria, Australia.
The project "is expected to be one of the first utility-scale wave energy projects globally, and the latest example of OPT's lead in turning wave energy technology into a commercial reality worldwide."
-- OPT Chairman George Taylor
The money will be used to build a wave power station in three phases beginning in the second quarter of 2010. The project was one of four renewable energy projects selected by the federal government after considering more than 30 applications.
|
Recent News |