Victorian wave power project still non-existent years after receiving grant
There is still no physical evidence of the project in Victorian waters, which received a $66 million grant in 2009 from Energy Minister Martin Ferguson.
The US-based Ocean Power Technologies - touting a relationship with Leighton Holdings - beat their more fancied wave-power competitors to the money with a proposal to build a 19-megawatt development near Portland.
The decision shocked analysts because the wave power project off the south-west coast of Victoria is not well-known.
Clean energy proponents, including defeated rivals, are now wondering whether it has been a gamble that will not pay off.
For the source of this story, click here.
|
|
Sign up for our weekly newsletter
|
Do you know more about this story? Contact us anonymously through this link.
Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.
Tags: wave power project, grant, Victoria
