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Pelamis at Aguçadoura, Portugal

OEBuoy - Ocean Energy Ltd

OWC Pico Plant, Azores, Portugal |
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The technology to exploit Wave Energy has presently reached the initial phase of demonstration, after 30 years of R&D. However, contrarily to wind energy, where only one concept remained – one turbine with a horizontal axis with three blades – there still exist a large amount of concepts competing in wave energy.
Tests on sea of pilot plants and prototypes
Different wave energy exploitation systems have been tested at sea, both pilot plants and prototypes: OWC Pico Plant (WavEC, Portugal), OWC LIMPET Plant (Wavegen, United Kingdom), AWS (Teamwork Technology, 2004/ The Netherlands), Wave Dragon (Wave Dragon ApS/Denmark), Pelamis (Ocean Power Delivery Ltd/United Kingdom), Powerbuoy (Ocean Power Technologies/ USA), Parabolic OWC Plant with Deniss-Auld turbine (Oceanlinx/Australia), AquaBuOY (Finavera Renewables/Canada), OEbuoy (Ocean Energy Ltd/Ireland), WaveBob (Wavebob Ltd/Ireland), FO3 (Fobox/ Norway), WaveRoller (AW-Energy Oy/Finland) and Wave Star (Wave Star Energy/Denmark).
Other systems exists on a less developed phase, however may be tested at sea in the coming years.
Pre-commercial state of technology
Some of these companies have already plans to install the next units in other countries. Two projects with a commercial contract are currently at their final stage to start deploying the wave energy units. One project has been already installed at the end of 2008 namely three Pelamis units of the Scottish company Pelamis Wave Power (former OPD) at the western coast of Portugal (total power of 2.25 MW), a contract with the Portuguese ENERSIS company. Another project promoted by Ente Vasco de la Energía (EVE) has the intention to integrate 16 OWC chambers of the Scottish company Wavegen into the new breakwater of Mutriky at the Bask Region (total power of 296 kW). The third project is the installation of 10 devices of the American Powerbuoy in Cantábria, Spain (total power of 1.4 MW), a contract with the multination Iberdrola Renewables.
Today we witness a fast growing of industry interested in wave energy with new participants in this sector, some of which are multinational companies.
On the other hand, in the last years and in several countries, new mechanisms have been taken place. For the investors it is important to acknowledge the technology, the several teams responsible for the development of the technology, expected capital costs for the first farm, i.e. acquire a global vision of the sector in order to make decisions for a possible involvement.
WavEC’s role
Since 2004, the WavEC has developed with some regularity reports addressed to companies interested in the existing opportunities of the wave energy market. The WavEC keep an actualized data base of all wave energy technologies e its state of development.
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