Wave energy developer Renewable Energy Holdings plc (REH) of the United Kingdom has signed a memorandum of understanding with Triton Renewable Energy Ltd. to build and operate wave farms in Bermuda.
REH said it and Bermuda-based Triton are to negotiate a joint venture to build and operate wave farms pending regulatory approval. REH’s proprietary CETO wave power technology is to be employed at an initial test site of 2 MW, with plans for an eventual 20-MW grid-connected installation.
Triton is to provide services to facilitate development of wave farms, while REH grants rights to use CETO technology and provides engineering support during construction and operation of the plants. Negotiations are to be completed by the end of 2008, REH said.
REH said it is intended that the joint venture would supply electricity to a Bermuda utility with the option of supplying desalinated water to the British-owned island group off the east coast of the United States.
CETO features a wave power converter that sits on the seabed. It transmits high-pressure seawater ashore through a small pipe. The water is used either to power a turbine-generator or for reverse osmosis to produce fresh water.
The CETO technology is in the final stages of commercial testing with commercial roll-out expected to begin in 2009. A unit currently is deployed off Fremantle, Australia, undergoing commercial testing. (HNN 2/12/08)
In 2007, REH approved agreements dividing exclusive global development territories between Carnegie Corp. Ltd. of Australia, in the Southern Hemisphere, and EDF Energies Nouvelles SA of France, in the Northern Hemisphere. The Bermuda venture is to be assigned to CETO Development Co. Ltd., the REH joint venture with EDF Nouvelles.