Daily update: World’s ‘biggest’ wave energy project sinks without trace
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2:54 PM (11 minutes ago)
Plug pulled on Victorian wave energy project once billed as world’s biggest. Plus: Hazelwood owner defends rroftop solar tax; why name dropping for renewables funds is destined to fail; big EU banks pile into Green Bonds; why solar and EVs are a perfect match; the latest data on EV sales; the climate tipping points to watch out for; the economic case against fossil fuel; and Fortune 500 companies declare their renewables ‘buyers principles.’
US developers of what once was billed the ‘world’s largest’ wave energy project, Ocean Power Technologies, have abandoned plans for the $232m plant off the coast of Portland in Victoria. But it was always a project that was unlikely to deliver.