Eco Innovator November 2011
European Wave Farm for
AquaGen has signed an agreement
for the development of a 70 MW wave farm in southern Europe. The move
sets the company up for development in the region where there are significant
wave energy gross feed-in tariffs.
Chief executive, Nick Boyd
said "The region where we are looking to develop this wave farm attracts
a feed-in tariff of 320 per megawatt hour, which is around five times
what we can fetch here in Australia. Hence the attraction of developing
such projects in Europe."
Meanwhile, AquaGen has taken
out the Award for Most Outstanding Small-Scale Clean Energy Project at
the EcoGen Conference Gala Dinner and Awards Night in Brisbane.
Mr Boyd said the award recognizes
the potential of the technology to make an impact on climate change and
springboard the company into a thriving business in a boom sector.
AquaGen was also a finalist
in the recent Australian Clean Technologies Ideas Competition.