Aquamarine To Develop 1 GW of Ocean Energy

[jpak]

http://www.renewableenergyworld.com/rea/news/article/2009/02/aquamarine-to-develop-1000-mw-of-ocean-energy

Aquamarine Power has signed a Development Agreement with Airtricity, the renewable energy development division of Scottish and Southern Energy (SSE), aimed at developing sites capable of hosting 1,000 megawatts (MW) of various types of marine energy by 2020.

"This contract is the biggest deal in the history of marine energy."-- Martin McAdam, CEO, Aquamarine

Under the agreement, the two companies will enter into a 50:50 joint venture to develop wave and tidal energy sites in the UK and Republic of Ireland. Work on the development of the first two sites has already started, with plans to roll out further sites over the next three years.

The companies’ goal is to deliver marine energy sites suitable for deploying Aquamarine’s wave and tidal technologies, including the Oyster Wave Energy Converter and the Neptune Tidal Device. Aquamarine is simultaneously pursuing a similar contract for developments in Southern Europe.

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