Rich Bowden at Worldpress:
The viability of harnessing waves as a lucrative renewable energy source received a boost last week following the announcement that the world’s first commercial wave energy project will begin delivering wave-generated energy to the north of Portugal later this month.
The first stage of the European Union-funded program, the result of two decades of research at Lisbon’s Superior Technical Institute, will bring the first 2.25 megawatts ashore at Aguçadoura, in northern Portugal, and will power 1,500 homes through the national state run electricity grid system according to an Inter Press Service (IPS) report.
Funded by a consortium headed by leading Portuguese renewable energy company Enersis, the venture uses groundbreaking Pelamis wave devices manufactured by Edinburgh firm Ocean Power Delivery, considered the world’s leading wave technology.
“This project, begun in 2003, is now in the world vanguard,” said Rui Barros, Enersis director of new projects, to IPS.
“Of all the varieties of renewable energy, perhaps harnessing the waves is the only one where Portugal might have a real future,” he said.