The proposed Wave Hub project that was announced late in 2008 and is planned for siting off the coast of Cornwall has just taken an important step forward in becoming a reality when the official green light to proceed was given by the South West Regional Development Agency (RDA).
The Wave Hub project still has a planned completion date in 2010 to be producing electricity from its position 10 miles off the the coast of St Ives in Cornwall. The initial capacity is going to start at 20MW with the design allowing for it to be expanded to 50MW.
At this week’s Low Carbon Industrial Strategy the government has made available £9.5 million to assist with the Wave Hub project. An additional £20 million has also been secured from the European Regional Development Fund (ERDF) Convergence programme.
The project has signed legal agreements with Ocean Power Technologies Limited for the first berth to be filled at the Wave Hub by its PowerBuoy device. Testing of the device in situ will begin immediately.