The largest tidal energy project in Europe has been granted permission by the Scottish Government. MeyGen Ltd., a joint venture between American investment bank Morgan Stanley, French independent power generator International Power and Australian tidal technology provider Atlantis
Alstom and SSE Renewables have signed a new joint venture agreement to co-develop the world’s largest wave farm in the Costa Head Wave Project, off the coast of Orkney, Scotland. The farm will deliver up to 200 Megawatts of renewable energy utilizing AWS Ocean Energy Ltd’s (AWS) Archimedes Wave Swing III technology (AWS-III).
A UK-based renewable energy company has received a $61 million grant from the Australian government to build the world’s first utility-scale wave power project.
Ocean Power Technologies will begin construction of the 19-megawatt project in the waters off Victoria in 2010. The project will provide enough electricity to power 10,000 homes.
Wave technology uses buoys riding up and down on waves to drive an electrical generator, and then sends the power ashore via underwater cable.