Developers have scrapped their plans to build the nation’s first
large-scale wave energy project off the Oregon Coast, saying the costs
were too high to make it work.
The much-anticipated project would have placed a flotilla of 100
energy-producing buoys, each the size of a school bus, in the waves off
the coast of Reedsport, Ore.
The project’s developer, Ocean Power Technologies, surrendered its
preliminary permit with the federal government, Oregon regulators
disclosed Monday.
The project generated national headlines
in the run-up to its planned launch in October, 2012. But after it
delayed the deployment of its first buoy, the project seemed to be stuck
on hold.
READ MORE: http://earthfix.opb.org/energy/article/wave-energy-developer-pulls-plug-on-oregon-project/
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