E.ON Pulls Out of Pelamis Wave Energy Project (UK)

The German power company E.ON is pulling out from its joint project with Pelamis Wave Energy to test one of the company’s wave energy converters at the European Marine Energy Centre.

The main reason for E.ON’s pulling out from the project is delays in wave technology progress, as BBC reports.

Pelamis Wave Energy announced that E.ON’s decision will not affect the development of its P2 wave energy device since the company is working with Scottish Power Renewables on this development.

E.ON will not quit the renewable energy market and in the future it will focus on the development of wind, biomass and solar energy.

[mappress]

Subsea World News Staff, July 3, 2013