Irish company announces completion of wave energy project

Finavera Renewables, an Irish company listed on the Toronto stock exchange, has announced it has completed construction of the AquaBuOY 2.0 wave energy converter.

It is now being prepared for transport to Newport, Oregon, where it will be deployed for ocean testing during the first week of September.

Denis Letourneau, Finavera Renewables' VP Engineering, said: "Today is an exciting day as it marks the transition from construction to deployment. Over the last two and a half months, our engineers and fabricators have put in long hours to ensure this cutting edge technology was built to exacting specifications. We have completed various systems tests on the device, and the AquaBuOY 2.0 wave energy converter is now ready for ocean testing."