Wave energy developer Oceanlinx Ltd. announced it will develop a 1.5-MW wave energy project off the coast of Namibia.
Australia-based Oceanlinx, formerly named Energetech Australia Pty Ltd., said it entered a contract in September with GPP, the project arm of South Africa-based Southern Electricity Co. Ltd. (SELCo), to develop the project at an unspecified site in Namibia.
Initially, Oceanlinx is to supply one 1.5-MW generating unit employing its Oscillating Water Column technology. The unit is planned for delivery in the second quarter of 2008.
Once the unit reaches agreed performance criteria, it will trigger an automatic commercial sale of the unit to GPP. At that point, under the contract, an order for ten additional generating units also is to be triggered.
Oceanlinx is developing wave generators tethered to the sea bottom that utilize its Oscillating Water Column technology in which wave action compresses air that turns turbine-generators. Oceanlinx announced its intent in October to launch an initial public offering on London’s Alternative Investment Market to raise up to $72.6 million. (HNN 11/6/07)
Oceanlinx has other wave developments at various stages in Australia, the United Kingdom, and the United States. (HNN 12/6/07)