31 May '13, 3pm

Scotland Goes Ahead With World's Largest Wave Energy Project

Scotland Goes Ahead With World's Largest Wave Energy Project

Scotland has given the go-ahead for the world's largest wave energy project. At 40 megawatts (MW), it will provide energy to nearly 30,000 homes. Aquamarine Power's subsidiary, Lewis Wave Power, will install 40-50 "Oyster" devices, but it has to wait for the undersea cable to be in place which won't happen until 2017, says transmission firm SSE. ABB holds an equity share in Aquamarine , one of its many cleantech investments . Oyster is essentially a wave-powered pump that pushes high pressure water to drive an onshore hydro-electric turbine. The site, off the northwest coast of Scotland, is considered one of the prime locations for wave energy in Europe. Last year, Scotland created a £18m Marine Renewables Commercialisation Fund to assist commercialization of the wave energy industry. The first funds will be awarded this summer. The fund will not support tidal energy since...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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