After full demonstration at EMEC, the company plans to install further PB150 PowerBuoys in projects globally including Reedsport in Oregon, US, Victoria, Australia and Cornwall, UK.

Isleburn Ltd. will carry out the steel fabrication. After steel fabrication is complete, the 150kW PowerBuoy will be fully assembled and ready for deployment by the end of 2009 at EMEC, where the company has already secured a 2MW berth.

Jim Mather, Scotland’s Minister for Enterprise, Energy and Tourism, said: “Scotland boasts a quarter of Europe’s wave and tidal resource and we are leading the way in developing marine renewables through the world’s only accredited wave and tidal testing centre, the European Marine Energy Centre in Orkney. I am delighted that Scottish Government support is helping to advance the in-ocean demonstration.”

Mark R. Draper, chief executive officer of Ocean Power, said: “These two milestones demonstrate progress towards the deployment of OPT’s first PB150. This achievement represents a pivotal stage in the company’s development and that we are on track to achieve our objective of utilizing wave power as an economically-viable source of renewable energy.”