StockMarketWire.com - Wave energy developer, Carnegie Wave Energy, has completed a site assessment study for projects along the Chilean coast and has appointed a South American development partner.
Renewable Energy Holdings, the AIM quoted investor and operator in European wind power, has a 25.8% stake in the projects.
The study found that if only 10% of the theoretical wave resource identified was extractable then potentially 17GW of capacity could be installed off Chile.
This has the potential to completely power the main Chilean electricity grid (the Sistema Interconectado Central).
Carnegie has identified a number of immediately viable sites along the Chilean coast.
At 11:29am: (LON:REH) share price was +0.01p at 12.63p
Story provided by StockMarketWire.com
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