Top news, April 25 – May 1, 2016

Business & Finance

Tidal Energy Today has compiled the top news from tidal and wave energy industry from April 25 – May 1, 2016.

TN-France-targets-100-MW-of-tidal-wave-projects-by-2023France targets 100 MW of tidal, wave projects by 2023

France has revealed the revised offshore renewable energy targets for 2023 setting the goal for installed marine renewable energy projects at 100 MW by 2023. Also, the government expects the volume of the projects awarded by public tenders and underway in 2023 to reach 2000 MW for marine renewables, including wave and tidal, and 6000 MW for offshore wind.

D10 tidal turbine during deployment (Photo: Sabella)

Sabella to retrieve D10 tidal turbine this summer

Sabella plans to retrieve its D10 tidal turbine, deployed in Fromveur Passage, off Ushant island, this summer, to conduct technical, and other optimizations after a year of immersion in real sea conditions. The gravity based foundation and the offshore export cable will not be retrieved. Also, the works are underway for the development of tidal energy farm in Fromveur Passage, now in collaboration with French renewable energy company Akuo Energy.

Oceanus 2 WEC (Photo: Seatricity)

Oceanus 2 ready to hit water

The winter refit process of Seatricity’s Oceanus 2 wave energy converter is nearing completion, with the device expected to hit the water in the following days. Over the last few weeks, the company planned the redeployment operation with various contractors who will help with reinstalling the Oceanus 2 to its anchors and moorings at Cornwall’s Wave Hub test site.

Seabased's WEC technology (Photo: Seabased)

Seabased scraps SHAS deal

The previously announced share purchase by Seabased Holding AS (SHAS) in Seabased AB from Leijon Engineering AB, granting it 50,25% of the voting rights, has been cancelled due to non-performance on promised investments from SHAS into Seabased AB, in addition to lengthy delays and changes to the payment installment plan to Leijon Engineering AB. Following the cancellation, the shares in Seabased AB, S have been returned to Leijon Engineering.

Bombora's scaled WEC system (Photo: Bombora)

Bombora eyes Portugal deployment

Australian wave energy developer, Bombora Wave Power, has completed a feasibility study for a commercial scale wave farm, and is looking at Portugal to make the first commercial deployment. Bombora is preparing to deploy the first full-scale 1.5 MW mWave converter in the first stage of its commercial wave farm off Peniche in early 2017. In a grid connected wave farm, each 1.5 MW mWave unit will cost Au$4.75 million to manufacture, deploy and commission.

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