Oregon wave energy developer gives up FERC permit

Reedsport OPT Wave Park LLC on Feb. 28, on the last day of a three-year preliminary permit for a wave energy project off of Reedsport, Ore., told the Federal Energy Regulatory Commission it will not seek a permit extension.

The preliminary permit, which grants an exclusive right to look at project feasibility, covers a third phase of this project of up to 50 MW in capacity. There have been implementation and supporting study problems with the first phase, which involves one test PowerBuoy, which has cascaded into planning for the second phase, involving 10 PowerBuoy units of 1.5 MW apiece, the company said.

While the company said it is still evaluating Phase 1 and Phase 2 development, it can’t justify at this time seeking a permit extension for the third phase. The company said that the state of Oregon has been helpful with its project, recently including all three phases of the project in an updated Territorial Sea Plan.

The notice to FERC is from Mark Featherstone, Chief Financial Officer of Ocean Power Technologies out of New Jersey, mfeatherstone@oceanpowertech.com, 609-730-0400.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.