Honolulu, Hawaii [RenewableEnergyAccess.com] Oceanlinx Limited, an Australia-based high-tech company, has formally announced plans to provide electricity to Maui Electric Company from Hawaii’s first wave energy project. The project will provide up to 2.7 megawatts (MW) of energy from two to three floating platforms located one-half to three-quarters of a mile to the north of Pauwela Point on the northeast coast of Maui.
The project will include three wave platforms and could be operational by the end of 2009. The cost, to be absorbed by Oceanlinx and its investors, is estimated at $20 million. Oceanlinx has signed a Memorandum of Understanding with Renewable Hawaii, Inc., an unregulated subsidiary of Hawaiian Electric Company, for possible passive investment in the project.
“We are very pleased to be a part of Hawaii’s move to increase its production of electricity from clean energy sources. The Oceanlinx technology is an ideal fit for Maui, with its excellent wave climate, and we hope to be able to continue working with Hawaii on wave energy projects in the future,” said David Weaver, executive chairman and CEO of Oceanlinx.