Griffin Energy which has thus far been involved with a host of different power sources including wind, is hoping to take advantage of Ocean Power Technologies' (OPT) knowledge of wave power. The agreement outlines plans for a 10 MW wave power station with the potential to size up to a 100 MW network. The project will be close to the northern suburbs of Perth and will be linked into the state's main power grid. To generate about 100 MW , only 100 hectares of ocean would be needed, due to high wave density in the area.
Ocean Power Technologies CEO, Dr. George W. Taylor was quoted as saying; "Wave power, which harnesses the very concentrated and predictable energy of oceans, is one of the leading emerging sources of renewable energy," he said.
"We believe that by bringing our extensive in-ocean experience and innovative technology together with Griffin Energy's proven track record in delivering Western Australian power projects, we have a significant opportunity to build our international portfolio of successful wave power stations."
Griffin Energy Executive General Manager Wayne Trumble had the following to say about the project; "The Western Australian Government has already announced it intends to implement a renewable energy target of 15% by 2020, including powering key infrastructure such as the new Binningup desalination plant," "Our proposed joint venture wave power project will put us at the forefront of a new horizon in renewable energy development, and we look forward to working with government and OPT to realize our vision." "Western Australia presents OPT with unique opportunities in terms of strong and reliable wave power. We look forward to working with the Company to expand our significant renewable energy portfolio and lead Western Australia in the development of this energy source."
For additional information:
http://www.griffinenergy.com.au/
http://www.oceanpowertechnologies.com/
http://phx.corporate-ir.net/phoenix.zhtml?c=155437&p=irol-newsArticle&ID=1147225&highlight=
