LOCE Wind and Wave Energy Weblog

The web's first ocean and offshore wind energy weblog. Continuously renewed, like the ocean itself.

Friday, November 12, 2004

Australia Relies on Foreign Investment for Wave Power


As reported in this report from The World Today , Karen Barlow, Tuesday, 9 November, 2004, Australia's first wave energy plant has arrived. But ironically, the investment for the plant has come largely from overseas.
Energetech, the developer of the wave plant describes the typical response to wave energy as "Great idea, but we don't want to take the risk." Fortunately, some investors have been willing to take the risk - and the next few months of operation should begin to bear out whether those risks are worthwhile.

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