EU to back Portugal’s 2-MW Figuera da Foz wave plant

Developers of the proposed 2-MW Figuera da Foz wave energy plant in Portugal report they made successful application to the European Commission (EU) under the EU’s Framework Protocol 6 program.

Ireland-based Finavera Renewables Ltd. announced its U.S. subsidiary, AquaEnergy Group Ltd., received a letter of successful evaluation from the EU Directorate-General for Energy and Transport. That means the commission might contribute up to 1.37 million euros (US$1.75 million) toward development of the wave energy plant off the coast of Portugal at Figuera da Foz.

The proposed plant, using AquaEnergy’s AquaBuOY technology, will be installed in 60 meters of water about 10 kilometers off the coast midway between Lisbon and Porto. Once successful operation has been demonstrated, the plant’s capacity is expected to be increased to 100 MW.

Framework Program 6 is designed to help create a European Research Area (ERA) leading to an international market for science and technology. Projects must respond to specific calls for proposals. If an application is accepted following an initial selection procedure, the sponsor is invited to submit a detailed proposal.

“With our partners Dunlop Oil and Marine, Portuguese engineering group Kynamar, and Labelec, a division of Portugal’s largest utility, Energias de Portugal, we will begin executing our deployment plan once negotiations with the European Commission and the partners are completed,” AquaEnergy Chief Executive Officer Alla Weinstein said.

Finavera CEO Jason Bak said Figuera da Foz and the developers’ 1-MW Makah Bay project in the U.S. state of Washington allow the companies to begin building a pipeline of projects worldwide.

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