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20 May 2003

Catching the Wave

Wind Prospect has joined forces with Ocean Power Delivery Ltd (OPD) to pioneer the implementation of wave farms in the southwest. This offers both companies a great opportunity to catch the wave of this developing industry.

With Wind Prospect's offshore and onshore wind energy experience and OPD's leading position in the design and manufacture of wave energy converters, the team is set to bring the first significant wave farm on stream in the southwest.

OPD will provide the wave energy converters and technical support, while Wind Prospect will contribute their skills in renewable energy site identification, permitting, Environmental Impact Assessment, construction and operations.

Wind Prospect's move into wave energy has been encouraged by the implementation of the Renewables Obligation, the mechanism driving the UK towards 10% of electricity from renewable sources by 2010 and the government's commitment to grant support for emerging technologies.

Colin Palmer, Development Director, Wind Prospect Ltd said:
"From wind farms to wave farms, we aim to be the pioneers in the introduction of renewable energy technologies. We have already commenced work, as we would like to see a sizeable wave farm commissioned within two to three years.

When I worked in the wave energy industry in the 1980s it wasn't going anywhere, so I switched to wind power in the 90s. We went on to develop Haverigg I, the second commercial wind farm in the UK. After acquiring over a decade of development experience with onshore and offshore wind energy projects, we are excited to be directing our pioneering spirit towards wave energy. "

Max Carcas, Business Development Director, OPD said:
"We are delighted to be working with Wind Prospect in this region. The South West has an excellent wave resource, good grid capacity and good support for this type of development. Because of the time taken to develop these projects it is important that this work is carried out in parallel with testing of the first full-scale prototype at the European Marine Energy Centre in Orkney.

Ends.

Notes for Editors:

Energy Minister Brian Wilson said on 16 January 2003:

"Wave and tidal power have huge potential to supply a significant proportion of the country's future energy needs.

Britain is already a world-leader in this technology. However, it is essential that we move from the research and development phase, which has been going on for many years, into commercial application."

WIND PROSPECT LTD
Wind Prospect is a leading independent renewable energy developer, working in UK, Ireland and Australia, both onshore and offshore. Wind Prospect's success in development, construction and operations has been based on a decade of experience, flexibility and a pioneering spirit.
Contact: Colin Palmer, Development Director
Ph: +44 (0)7775 532 475
Email: info@windprospect.com
Web: www.windprospect.com

OCEAN POWER DELIVERY LTD
Ocean Power Delivery Ltd is the developer of the Pelamis Wave Energy Converter. The Pelamis is a semi-submerged articulated structure composed of cylindrical sections linked by hinged joints. The wave-induced motion of these joints is resisted by hydraulic rams which pump high pressure fluid through hydraulic motors via smoothing accumulators. The hydraulic motors drive electrical generators to produce electricity. Power is fed to the seabed via a single dynamic umbilical connected to a transformer in the machine's nose. Following five years of development the first full-scale prototype is due to be installed later this year at the European Marine Energy Centre Orkney.
Contact: Max Carcas, Business Development Director Ph: +44 (0) 131 554 8444
Email: enquiries@oceanpd.com
Web: www.oceanpd.com

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Wind Prospect Ltd., 7 Berkley Square, Clifton, Bristol, BS8 1HG UK.
t: +44 (0)117 925 7798 f: +44 (0)117 945 2493 e: info@windprospect.com