• Connect With Us:
  • Swedish utility acquires stake in Irish ocean site developer

    Swedish utility Vattenfall has acquired a 51 percent stake in Pandion Ltd., an Irish ocean energy site development company, for 500,000 euros (US$648,225).

    Vattenfall said ocean energy developer Wavebob Ltd. will hold the remaining 49 percent of Pandion under an agreement that it said brings opportunities for further partners to participate.

    Pandion has applied for ocean energy sites on the west coast of Ireland that Vattenfall said would be developed for demonstration to a commercial size of more than 250 MW when it is technically and economically viable.

    Vattenfall Senior Vice President Helmar Rendez said the utility would remain independent of technology suppliers and that Pandion is technology neutral.

    �The technologies must be further developed and optimized and the power system concepts need to be integrated, before the technology can be commercially introduced,� Rendez said. �Establishment of sites with a potential to grow to commercial sites is important for us to support such a development.�

    Vattenfall said its preferred markets for ocean energy are in Ireland and the United Kingdom, which offer similar physical and economic conditions. It said further ventures to establish ocean energy business in the two countries are probable, although both need investments in transmission capacity.

    �Ocean energy has a large potential to contribute to the implementation of Vattenfall's climate vision to be climate neutral by 2050,� Vattenfall President Lars Josefsson said.

    Hydro Industry Financials

    Buyers Guide Products

    Technical Services

    NAES develops and offers a full suite of custom...

    Digital Governor Conversions and Retrofit Kits

    Want to Go Digital? Over the last 10 years we h...

    Governor Field Service, Troubleshooting and Calibration

    Our highly-skilled Field Service Engineers know...

    Governor Replacement Parts - New and Factory Reconditioned

    We offer a complete line of brand-new, BETTER-T...

    Governor Training Classes

    From Governor School to Custom On-Site Training...

    Factory Repair Services

    We offer COMPLETE factory repair services for A...

    Most Read Articles

    Recent Comments

    Buyers Guide Companies

    Sauer Compressors USA Inc

    ABB Inc/High Current Systems

    Barr Engineering Co

    JM Power Aggregates Ltd

    Owner, inventor and distributor of an environme...

    IC-Fluid Power Inc

    Founded in 1989 to bring European fluid power t...

    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.

    12/01/2013
    Volume 32, Issue 10
    file
    01/01/2014
    Volume 22, Issue 1
    1401hrw-cvr

    Archived Articles

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

    Premium Content AD Promo Space