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 http://www.graysharboroceanenergy.com
The website is also a great portal to lots of independent info about ocean / marine renewable energy.
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