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Minesto and SEV extend PPA and plan potential scale-up in Vestmannasund
14 September, 2021
Minesto’s 200kW tidal energy site in Vestmannasund, Faroe Islands, could be expanded to a 4MW commercial array, a site extension analysis has concluded, with the marine energy developer recently signing a two-year extension of its Power Purchase Agreement (PPA) with electric utility company SEV for the site.

Plans unveiled for 9MW tidal project off Canadian coast
30 September, 2019
Sustainable Marine Energy (SME) and Minas Tidal LP (MTLP) have agreed to co-develop their adjacent berths at the Fundy Ocean Research Center for Energy (FORCE) and will utilise SME’s PLAT-I floating in-stream tidal energy technology to deliver up to 9MW of tidal energy to the Nova Scotia grid.

Statkraft plans floating solar plant in Albanian reservoir
13 March, 2019
Statkraft Albania has entered into an agreement with Norwegian floating solar technology developer Ocean Sun AS for the delivery of a floating solar plant with a maximum capacity of 2MW at the Banja reservoir in Albania.

Schottel merges tidal business into SME
24 January, 2019
Following the successful collaboration between Sustainable Marine Energy (SME), Schottel Hydro and Black Rock Tidal Power to develop and demonstrate the PLAT-I floating tidal energy system, Schottel has made a strategic decision to merge its tidal energy businesses into SME.

Wave & tidal power developers join forces to tackle foundations and mooring
06 November, 2018
CorPower Ocean (CPO) and Sustainable Marine Energy (SME) are to work together to develop and demonstrate a generic foundation mooring solution to reduce costs and improve O&M methods in the wave & tidal power sector.

Widespread criticism as UK govt rejects Swansea Bay Tidal Lagoon
25 June, 2018
The UK Government has formally rejected plans for a 240MW tidal lagoon in Swansea Bay, with the decision widely criticized throughout the industry.

Mechanical installation set to start at Riel Converter Station
19 April, 2017
Voith Hydro Canada and Stuart Olson Industrial Constructors Inc have announced they are ready to begin the mechanical portion of the installation process at the Riel Converter Station, currently under construction in southern Manitoba, Canada as part of Manitoba Hydro’s Bipole III Transmission Line Project.

North America’s largest tidal turbine generating power
23 November, 2016
The largest tidal turbine deployed so far in North America – an OpenHydro 2MW machine – is successfully generating power for Nova Scotia.

Alstom, SSE Renewables in major new wave farm development
17 January, 2012
Alstom and Scottish marine developer SSE Renewables have announced they are to develop a major new wave power project with a capacity up to 200MW off the Scottish coast.

Alstom acquires stake in AWS Ocean Energy
22 June, 2011
Alstom has broadened its involvement in the marine energy market by acquiring a 40% equity share in Scottish renewable energy company AWS Ocean Energy.

OPT wins additional funds for PowerBuoy system
11 October, 2010
Ocean Power Technologies, Inc (OPT) has been awarded $2.75M in additional funding from the US Navy for a second stage under its existing contract to provide an autonomous PowerBuoy wave energy conversion system for the Navy’s near-coast anti-terrorism and maritime surveillance program.

OPT, Leighton in wave energy pact
13 January, 2009
A wave energy development deal has been signed by Ocean Power Technologies and the Leighton construction group to build plants off the coast of Australia.

Wave power ready for take off
13 August, 2008
A spate of small wave power schemes is now under development that could eventually result in the widespread commercial production of electricity utilising the power of waves, writes Neil Ford

UK Govt approves Wave Hub project
18 September, 2007
The UK£28M Wave Hub project to be located off the coast of Cornwall in South West England - the world's first large scale wave farm - has cleared its last major regulatory hurdle after the UK Government gave planning permission for the scheme.

Fourth developer chosen for Wave Hub
11 May, 2007
Australia-based Oceanlinx Limited has been chosen as the fourth developer for the £28M (US$56M) Wave Hub project off the coast of Cornwall in South West England.

Investment for Wave Hub approved
09 May, 2007
The world's largest wave farm planned off Hayle on the coast of Cornwall in South West England has been approved for £21.5M (US$43M) of funding. The project will include a 16km cable linking the national transmission grid to the offshore hub allowing companies to test wave energy devices in a leased and consented area of sea. Devices connected to the hub could generate up to 20MW.

Massive wave project planned for UK
14 September, 2006
Wave technology company Ocean Prospect has forged an alliance with UK utility Eon to develop a wave energy project off the north Cornwall coast.

Ocean Power Delivery secures investment
12 July, 2006
Wave energy technology company Ocean Power Delivery (OPD), developer of the Pelamis device, has secured over UK£13M (US$23.6M) of new investment from a consortium of new and existing investors.

Companies selected for UK wave farm
08 February, 2006
The South West of England Regional Development Agency (SWRDA) has named three companies as development partners for the proposed £15M (US$26M) Wave Hub project.

First wave plant within two years
25 May, 2005
UK-based Ocean Power Delivery (OPD) has signed a contract with a Portuguese consortium led by Enersis to build the initial phase of the world’s first commercial wave-farm.



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