Fortum and Seabased Energy submitted application for investment support of a full-scale wave power site off the Swedish west coast, Fortum

Release Date: 2009-05-07

Fortum and a Swedish wave power equipment supplier Seabased Industry submitted on 4 May 2009 an application for investment support to the Swedish Energy Agency regarding a full-scale wave power site off the Swedish west coast. Once completed, the power site would be world’s largest of its kind with a power generation capacity of 10 MW, representing an estimated total investment of close to EUR 25 million.

“We believe it’s possible to move on from testing to a full-scale power site,” says Göran Hult, Head of Fortum’s hydropower. He emphasises that wave power is a technology still under development.

Water in movement contains a lot of energy. Estimates show that the relatively calm Baltic Sea alone could generate the amount of electricity representing close to the annual electricity consumption of all Swedish households.
Type: NORMAL
Company: Fortum
Country: Finland
Url: http://www.fortum.com/news_section_item.asp?path=14022;14024;14026;14022;25730;551;47727f
 
This website requires Flash Player 9 or later. If you can not view this site you probably need to update your system with this plug-in for your browser.