Floating Offshore Wind
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Wave power plants around Portugal's coast could generate 20 pct of the country's annual electricity needs, worth about 5 bln eur, according to a study by wave energy centre CEO, Agencia Financeira reported. Portugal has a potential wave power capacity of 5 gigawatts, the centre estimates, noting that the entire global wave power market is worth only 350 mln eur at the moment. Opportunities for wave power in Portugal are a 'reality' as there is a major internal market for this kind of energy by virtue of the government's target for 39 pct of the country's electricity to be produced from renewable sources, the study said.