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Portland Wave Partners Progect

Victorian Wave Partners, a subsidiary of Ocean Power Technologies partnered with Lockheed Martin to build the world's largest wave power plant off Portland, Victoria.

Ocean Power Technologies, had been seeking to develop a wave power station off the coast of Victoria near Portland. The power station planned to be built in three stages had have a total capacity of 19 megawatts.

The Federal Government has awarded the project a $66.46 million grant under its Renewable Energy Demonstration Program.

The American weapons maker, Lockheed Martin Corporation, signed a $230 million agreement with Victorian Wave Partners to develop the world’s largest wave energy plant near Portland.

The plant was to be developed in three stages. The goal was to complete the first phase, producing about 2.5 megawatts of peak power, by 2014 or 2015. When completed, around 2018 or 2019, it was to have generated 62.5 megawatts of peak power.

In July 2014, the company abandoned the project saying that it was not commercially viable.

Company: Ocean Power Technologies

Capacity (MW): 62.5

Status: Cancelled

Start Year: 2019

Technology: Photovoltaic

Fuel: Wind

Source of Information: Ocean Power Technologies news release (February 2014)

Location

  • Cape Nelson Lighthouse Road
    Portland, Victoria 3305
    Australia