Wave Power Already Profitable?

According to a study by Olav Olsen A.S. on behalf of Norwegian Langlee Wavepower, wave power technlogy from Langlee and other companies may already profitable in some parts of Europe such as Great Britain, Ireland and Portugal. The reason for this is the high prices of other types of ocean based energy in these countries.

Langlee, partly (10%) owned by Swedish Borevind, is developing a wave power technology that can exploit the energy relatively small waves.

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