OPT’s Project Off Oregon Could Be Delayed (USA)

Ocean Power Technologies, a company planning to build the nation’s first commercial wave energy operation offshore Oregon, announced that it is undertaking studies which will probably cause the delay of a test buoy installation, Winnipeg Free Press reports.

CEO Chuck Dunleavy stated: “This process could require significant delay of the deployment of the first PowerBuoy, as well as present additional costs for the company.”

Federal Energy Regulatory Commission awarded the company a 35-year license to install up to 10 buoys about 2 1/2 miles off Reedsport on the south Oregon coast.

In February, OPT was notified that they need to comply with all conditions under the licence before launching the test buoy.

Chief Financial Officer Brian Posner said: “Since the first buoy was not going to be grid-connected, the company did not believe it was under the FERC jurisdiction.”

[mappress]

Subsea World News Staff, March 28, 2013