Swedish utility boosts investment in Islandsberg wave site

Swedish utility Vattenfall has increased its investment to a total 13 million kronor (US$1.95 million) in the Islandsberg wave energy research area being developed with Sweden’s Uppsala University.

The Islandsberg project has been granted a permit to install ten generators to be deployed on a gradual basis up to 2009, two kilometers west of Islandsberg Peninsula at Lysekil, on Sweden’s west coast.

Vattenfall previously invested 4 million kronor (US$602,700) in the project. It announced July 5 it would add another 9 million kronor (US$1.35 million) to the project, which involves a total investment of 50 million kronor (US$7.53 million).

Other investors in the project include Statens Energimyndighet, the Swedish energy agency; west coast power producers Goteborgs Energi and Falkenberg Energi; and suppliers and manufacturers.

Vattenfall is evaluating different wave power technologies, the environmental effects of wave plants, economic conditions, network connections, and local issues. The wave research is designed to support European Union goals to obtain 20 percent of energy from renewable resources by 2020.

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