Comments on: Finavera Turns to Wind After Wave Plan Washed Away

By: Wave Power Funding: Ireland’s Wavebob Raises Interim Round

Wave Power Funding: Ireland’s Wavebob Raises Interim Round — Wed, 07 Oct 2009 12:01:39 +0000

[...] Good thing these government programs are there to help out; ocean power has also had its share of bad news. A wave power project off the coast of Portugal is on hold after its largest investor, Babcock & Brown, filed for bankruptcy and pulled out. Applications for wave power projects in California have been withdrawn as well, including two permits and a license for Finavera, which won a contract with San Francisco-based utility Pacific Gas & Electric only to have the Public Utilities Commission reject the proposed project last year. Finavera has since turned away from wave power to focus on wind. [...]

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By: Can Ocean Power Keep Its Head Above Water?

Can Ocean Power Keep Its Head Above Water? — Thu, 19 Mar 2009 04:03:05 +0000

[...] hurdles aren’t helping. Vancouver, British Columbia’s Finavera Renewables decided to get out of the wave power game when its plans with PG&E for a 2-megawatt project in California were [...]