Wave Power Project Cancelled
It has been a dream for a long time to harness the power of the waves to produce energy. This concept looked as if it could be introduced on a larger scale as testing was going very well for the Agucadoura Project off the coast of Portugal. The project was supposed to produce around 2.5 Mw of power for the $9 million investment.
Yet, despite the investment and the apparent success, the project has been cancelled. What would have become the world largest and most successful wave power plant has now come to an end. The original plan was to build twenty five of these generators, but the equipment has not lived up to expectations with leaks that affected buoyancy and the recession taking its toll on the finances, the project simply run out of cash.
Source [Tree Hugger]
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