Oregon Iron Works To Construct PowerBuoy
Ocean Power Technologies has selected Oregon Iron Works to build PowerBuoy, the first commercial wave energy system in North America. The system is to be installed near Reedsport, off the Oregon Coast. And, it will be the first phase of a ten system project that will have a generating capacity of around 1.5 megawatts.
Under the second phase of the wind power project, nine additional systems will be built. It’s estimated taht over the next nine months, the first phase will create or sustain around 30 jobs. Oregon’s state leaders have worked to promote green technologies and take advantage of the wave energy potential of the state.