AusBN – Marine hydrokinetics company BioPower Systems has installed a 250-kilowatt wave power demonstration unit near Port Fairy, Victoria.
Called bioWAVE, the device is a 26-metre tall oscillating structure that captures energy from waves and converts it into electricity, which is fed into the grid through an undersea cable.
The project cost US$21 million and was part-funded with $11 million from the Australian Renewable Energy Agency (ARENA) and $5 million from the Victorian government.
BioPower Systems CEO Timothy Finnigan said: “Installation of the bioWAVE marks the culmination of an intensive development phase, and the beginning of a testing and demonstration phase for bioWAVE.
“We will now turn our attention to commissioning the plant for operation, and we aim to be delivering electricity into the grid very soon.”
Acting ARENA CEO Ian Kay said bioWAVE was a “major achievement for Australia’s emerging wave power industry” and represented another breakthrough in renewable energy innovation supported by ARENA.