The system will be installed off the Oregon coast near Reedsport, and it will represent the first phase of an expected 10-PowerBuoy Reedsport wave power station with a generating capacity of about 1.5 MW. (HydroWorld 12/4/09) The development would be the first commercial-scale wave power farm in the United States.
The first buoy will measure 150 feet tall by 40 feet wide, weigh 200 tons and cost $4 million, according to Phil Pellegrino, spokesman for New Jersey-based developer Ocean Power Technologies, Inc. OPT has chosen Oregon Iron Works to construct its first commercial wave energy PowerBuoy system in North America.
Nine additional PowerBuoys will be constructed and installed under the second phase of the project. The additional buoys are scheduled to be deployed by 2012 at a total cost of about $60 million.
Ocean Power Technologies recently received an A$66.5 million (US$61 million) grant from the Australian government to build a 19-MW wave power project off the coast of Victoria, Australia.
Ocean Power Technologies plans to complete its first PB150 wave energy device in the UK for deployment in Scotland in mid 2010.