• Connect With Us:
  • Tidal power venture signs Korean engineering firm

    Voith Siemens Hydro Power Generation of Germany and Renetec of South Korea have signed a memorandum of understanding with a Korean engineering firm to advance development of what they dubbed the world's first tidal current power park.

    Voith Siemens, which acquired wave power developer Wavegen, and Renetec, a renewable energy developer, signed the agreement with Posco Engineering &Construction for development, installation, and trial operation of three tidal current turbines.

    The Voith Siemens-Renetec joint venture plans to build a 600-MW tidal power project off Wando County in Jeollanam-do Province of South Korea. (HNN 7/12/07) Voith Siemens holds 51 percent of the joint venture, which is to produce and market tidal power turbines.

    Voith Siemens President Hubert Lienhard said the speed of the creation of the joint venture and the advancement of the memorandum of understanding for the first machines reflects the attitude of the joint venture partners for successful implementation of the new technology.

    �We are convinced that, within the next few years, ocean energies, and the tidal current power technology is only one form of it, will contribute a significant share to renewable energy production, similar to the one of wind energy today,� Lienhard said.

    The tidal power units are to be mounted on bridge-like structures, three 1-MW windmill-like units per structure.

    In 2005, Voith Siemens acquired Wavegen of the United Kingdom, which is developing wave power technology. Renetec has been involved in renewable energy development since 2001.

    In cooperation with Germany's Institute of Fluid Mechanics and Hydraulic Machinery, Renetec has been developing the Wando project.

    Hydro Industry Financials

    Most Read Articles

    Recent Comments

    Buyers Guide Companies

    Waveberg Development Ltd

    Wave energy converter under development. Requir...

    Continuing Education

    Professional Development Hours
    To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

    Volume 32, Issue 10
    Volume 21, Issue 6

    Archived Articles

    2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
    Hydro Review Past Issues

    Premium Content AD Promo Space