Ocean Power Wins Grant For Australian Wave Project
Date: 09-Nov-09
Country: UK
Author: Victoria Bryan
Country: UK
Author: Victoria Bryan

A man swims laps in an oceanside pool as waves smash over the pool wall at Sydney's famous Bondi Beach October 5, 2009.
Photo: Tim Wimborne
LONDON - Renewable energy firm Ocean Power Technologies has won a A$66.5 million ($61 million) grant from the Australian government for a project set to be one of the first to generate power from waves on a utility scale.
Ocean Power, which is listed in both the U.S. and London, said on Friday work on the 19 megawatt project, enough to power 10,000 homes, was expected to begin by the second quarter of 2010.
The company uses buoys floating up and down to drive an electrical generator, with the power generated being transmitted onshore via an underwater cable.
The project off the coast of Victoria is being carried out in conjunction with Leighton Contractors, a unit of Australian mining contractor Leighton Holdings.
The Australian government is aiming to generate 20 percent of the country's electricity from renewable sources by 2020 and the grant awarded to Ocean Power forms part of funding totaling A$235 million for four renewable energy projects.
Going To 2010 Games? Offset Your Carbon
The Vancouver Organizing Committee (VANOC), which has vowed to make the 2010 Games carbon neutral, unveiled plans to reduce the 150,000 tonnes of indirect greenhouse gas emissions expected to be produced as a result of the event.
Indirect emissions include those produced by the airplane flights that thousands of spectators and journalists will take to and from the event on Canada's Pacific Coast. The Winter Games start on February 12.
VANOC said it is on schedule to offset all 118,000 tonnes of direct emissions linked to Games, such as those produced venue construction, the torch relay run and travel by Olympic staff over which organizers have control.
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