World's Largest Offshore "Wave Farm" Planned for Scotland
Alstom and SSE Renewables signed a new joint venture agreement to develop the Costa Head Wave Project, an up to 200 MW wave energy site located north of mainland Orkney, in The Crown Estate’s Pentland Firth and Orkney Waters Strategic Area. Alstom and SSE Renewables will work together to obtain the necessary permits and intend to populate the site with AWS-III wave energy converters, a technology currently under development by AWS Ocean Energy Ltd, in which Alstom acquired a 40% equity share in June 2011. The Costa Head site is located in water depths of 60 – 75m approximately 5km to the north of Orkney Mainland. SSE Renewables and Alstom propose to carry out detailed site surveys and an environmental impact assessment (EIA)…
AWS Ocean Energy Gets Major Investment from Alstom
AWS Ocean Energy Ltd, one of Scotland’s pioneering wave energy companies, announced that it had secured a major investment from Alstom, a global leader in power generation, power transmission and rail infrastructure. Alstom acquires a 40% equity stake in Inverness-based AWS Ocean Energy. This will give the company the financial strength to expand its operations and accelerate the development of its AWS-III wave power technology. It is Alstom’s first-ever investment in the wave energy sector. The announcement was made June 21 2011 at Edinburgh Castle, at an event hosted by Alex Salmond, Scotland’s First Minister. Alex Salmond, the First Minister…
