First US Commercial Wave Energy Power Purchase Agreement

Pacific Gas and Electric Company announced that it has entered into a long-term, two megawatt (MW) commercial wave energy power purchasing agreement (PPA) with Finavera Renewables. Located off the Northern California coast, the Humboldt County Offshore Wave Energy Power Plant will be developed by Finavera Renewables. The project is expected to begin delivering renewable, clean electricity in 2012.



“Harnessing the ocean’s energy on a utility scale is a critical achievement in renewable energy technology and this project represents our first step in that direction,” said Fong Wan, vice president of Energy Procurement, PG and E. “Wave energy, along with solar thermal energy and biogas generated from cow manure, are examples of the innovative and promising sources of non-polluting, renewable energy PG and E is pursuing as part of our commitment to combat climate change.”

Energy-Daily