Oceanlinx to Provide Wave Energy for Maui

[jpak]

http://www.renewableaccess.com/rea/news/story?id=51398

Oceanlinx Limited, an Australia-based high-tech company, has formally announced plans to provide electricity to Maui Electric Company from Hawaii's first wave energy project. The project will provide up to 2.7 megawatts (MW) of energy from two to three floating platforms located one-half to three-quarters of a mile to the north of Pauwela Point on the northeast coast of Maui.

The project will include three wave platforms and could be operational by the end of 2009. The cost, to be absorbed by Oceanlinx and its investors, is estimated at $20 million. Oceanlinx has signed a Memorandum of Understanding with Renewable Hawaii, Inc., an unregulated subsidiary of Hawaiian Electric Company, for possible passive investment in the project.

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