Tiny Finavera making waves in California
It would be unCanadian of me to not point out the numerous stories today — finally unleashed after an embargo — detailing Vancouver-based Finavera’s deal to sell wave power to Pacific Gas & Electric Co.
I won’t go into too much detail, other than to say the commitment by 2012 is for Finavera to supply about 2 megawatts of wave energy to PG&E using a wave park located about four kilometres off the California coast. The power purchase agreement, or PPA, with PG&E is being billed as the “first commercial wave-energy contract in the United States,” and calls for supply of nearly 4,000 megawatt-hours of renewable ocean power annually over the term of the contract.
Check out the Globe and Mail article here, and the Greentech Media story here, and the San Francisco Chronicle story here.
Tyler Hamilton is editor-in-chief of Corporate Knights magazine and a business columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the clean technology and green energy market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper.
