Orecon seals Portuguese deal

Published Wednesday, August 5th, 2009

Posted by Nick Eyriey
Editorial director Nick Eyriey is an experienced and respected journalist having spent some 20 years in the local and national press working with newspapers such as The Yorkshire Post, Today, The Sun, and the Mail on Sunday.

Orecon has signed an agreement, with a Portuguese shipyard, for the construction of the first three wave to energy devices.

Following its recent agreement with Portuguese developer Eneolica, to develop a 4.5MW wave energy site, Orecon has announced that it has signed a letter of intent with the local shipyard Estaleiros Navais Do Mondego.

The two companies have agreed a contract to build Orecon’s 1.5MW MRC wave energy devices for the Portuguese market. Construction for the first unit is scheduled to start in February 2010, to be ready for installation in spring 2011.

Estaleiros Navais do Mondego is based in Figueira da Foz, on Portugal’s Atlantic facing west coast, in the estuary of Mondego River, which is ideally located near to the intended installation site.

Estaleiros Navais do Mondego has 65 years of shipbuilding, ship repair and ship design experience, using steel and aluminum. It has built 250 vessels for different purposes including: fishing boats, tugs, barges, ro-ro-platforms, dredgers, ferries, container ships, tankers, oceanographic research, military and leisure craft.

Orecon’s business development director, Ken Street, commented: “The Portuguese wave market is by far the best in Europe. They have an excellent wave resource and the country’s long narrow shape means that grid connection and distribution are much simpler to achieve than elsewhere.

“The clear feed in tariff scheme makes the business case easier for developers like Orecon to establish and grow a new industry, which will create and secure local jobs. We have benefited greatly from the encouraging support given by Estaleiros Navais do Mondego and we are looking forward to a long and productive relationship.”

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1 Response for “Orecon seals Portuguese deal”

Marine Renewables Revitalizing Shipyards In Europe says:

August 12, 2009 at 11:56 am

[...] shipyards aren’t the only beneficiaries of this new work, though. Orecon, a UK company, just signed a contract with a shipyard in Portugal to build Orecon’s 1.5MW MRC wave energy devices for the Portuguese [...]