Top news, September 18 – 24, 2017

  • Business & Finance

Tidal Energy Today has compiled the top news from tidal and wave energy industry from September 18 – 24, 2017.

MeyGen aims at half-priced tidal CfD

Atlantis Resources plans to ask that the UK government consider entering into bilateral negotiations with the company for the award of a 15-year Contract for Difference (CfD) which would enable the construction of Phase 1C of the MeyGen project without further delay. The CfD would be proposed at the price of about 150 £/MWh, and could be funded from the 40% of the £290 million, left unallocated from Cf2 auction.

Marine tech certification moves forward with Lloyd’s Register

The MET-CERTIFIED project has welcomed aboard the certification body Lloyd’s Register (LR) which will be providing its expertise to progress the development and global standardization of marine energy devices, with the aim of increasing the adoption of insurable and therefore bankable marine energy projects.

Waves4Power officially opens wave power plant

The wave power plant of the Swedish wave energy developer Waves4Power has been officially opened on Friday, September 21, 2017. The power plant feautres WaveEL wave energy buoy, which has been connected and feeding power to the Norwegian energy grid since June 2, 2017.

WSE appoints RFC Ambrian to raise funds for wave project

Wave Swell Energy (WSE) has engaged the international finance advisor RFC Ambrian to raise funds that will support the deployment of its wave energy converter off Tasmania. RFC Ambrian will on behalf of WSE arrange a private placement of up to 2,500,000 new ordinary shares at Au$4.80 per share to raise a minimum of Au$12 million ($9.6 million).

Uksnøy inks deal with HydroWave for green power solution

Norway-based owner and offshore vessels provider Uksnøy & Co has signed a contract with HydroWave for the supply of hybrid wave-powered system for use with ships and offshore installations. The contract represents the first commercial order for the hybrid wave energy and batteries system, based on patented Havkraft Wave Energy Converter (H-WEC) technology.

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