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| Vattenfall prepares for ocean energy farms in Ireland Swedish power group Vattenfall has acquired 51 % of the Irish site development company for ocean energy, Pandion Ltd, for EUR 500,000 (around SEK 5 million). The ocean energy developer Wavebob Ltd will hold the remaining 49 % of Pandion and the agreement brings opportunities for further partners to participate. Pandion has applied for ocean energy sites on the west coast of Ireland, which will be developed for dem-onstration to a commercial size, over 250 MW electricity, when it is technically and economically viable. For Vattenfall the investment in Pandion is a first step towards a leading position on the emerging ocean energy market, fully in line with its planned investments in sustainable energy solutions. write your comments about the article :: © 2009 Construction News :: home page |