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, email@example.com, 609-730-0400.