Eco Innovator November 2011


European Wave Farm for AquaGen

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.






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