Wave Farm in Northern Spain
Spain has been moving fast in fields such as solar and wind energy, and this push has been followed by forays into other renewable energies. Right now, Spain is the main producer of ethanol in Europe, with a company, Abengoa Bioenergy, that is also the fifth largest producer of ethanol in the U.S.
This story mentions another worthwhile stab at energy diversification, in this case, wave energy. The company behind this wave farm, Iberdrola, is very active in the field of renewable energies. Its latest move, the acquisition of Scottish Power, has also enlarged its portfolio in the US, through its subsidiary PPM Energy, one of the largest providers of wind power in the country.
OPT Wave Farm in Spain Gets Operation & Maintenance Contract
Quoted from RenewableEnergyAccess.com
February 2nd 2007
Pennington, New Jersey
“The O&M agreement confirms the strong local foundation OPT has established with Iberdrola and our other Spanish partners, from which we aim to build several more OPT PowerBuoy wave power stations in Spain.” — Mark Draper, Chief Executive of Ocean Power Technologies Ltd.
The Ocean Power Technologies (OPT) wave power station to be constructed off the coast of the Cantabria region in northern Spain, which will use OPT’s patented PowerBuoy technology, signed an operation and maintenance (O&M) contract following the signing of the engineering, procurement and construction (EPC) contract last July.With Iberdrola S.A. as its major shareholder, a company will be established to provide renewable wave energy to the Spanish grid will purchase the power station from OPT and is part of the O&M contract. “The O&M agreement confirms the strong local foundation OPT has established with Iberdrola and our other Spanish partners, from which we aim to build several more OPT PowerBuoy wave power stations in Spain,” said Mark Draper, Chief Executive of Ocean Power Technologies Ltd.The EPC contract provides for the ‘turnkey’ construction and installation of a grid connected PowerBuoy system. Under the O&M agreement, OPT will be paid for the operation and regular maintenance of the wave energy plant for up to 10 years.
For further Information
» Ocean Power Technologies, Inc.