Monday, January 5, 2009

Grays Harbor Ocean Energy Company LLC in Seattle, WA

This just in:

The Grays Harbor Ocean Energy Company LLC of Seattle, Washington has filed seven federal permit applications for offshore wave/wind power projects in the USA that could eventually generate 7000MW of clean renewable energy. Each project has an estimated cost of $4 Billion and will generate an IRR of between 7 and 10% depending on financing and market assumptions. The Company has a unique business model based on ocean energy infrastructure technology that can support a variety of wind, wave, solar, and even natural gas power generation technologies. The FERC preliminary permits are expected to be issued in March 2009.

Details online at

The website is also a great portal to lots of independent info about ocean / marine renewable energy.

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