Share Wave Power expertise in the Philippines

Another move for Australia to take a lead in renewable energy. Let’s hope it share the fruits of its success in a project in the Philippines. Better yet, why doesn’t the company doing this consider the Philippines as another area for its investment.

Australia Invests in World’s First Utility-Scale Wave Power Project

Yale Environment 360Published on Date November 9th, 2009 by Yale Environment 360

Australia Invests in World's First Utility-Scale Wave Power ProjectA UK-based renewable energy company has received a $61 million grant from the Australian government to build the world’s first utility-scale wave power project.

Ocean Power Technologies will begin construction of the 19-megawatt project in the waters off Victoria in 2010. The project will provide enough electricity to power 10,000 homes.

Wave technology uses buoys riding up and down on waves to drive an electrical generator, and then sends the power ashore via underwater cable.

The project is part of a larger $218 million government investment in renewable energy that officials say will help Australia meet its goal of generating 20 percent of its electricity demands with renewable sources by 2020.

The other projects receiving government funds include two geothermal projects and a mini-grid that coordinates wind, solar, biodiesel and storage technologies.

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