Energy sector experts from Burges Salmon have advised offshore renewable energy company Wave Hub on two wave energy deals with Fortum and Seatricity.
Fortum, a multi-national utilities company from Finland, has signed an agreement to secure a berth at the offshore renewable energy test facility in Cornwall, Wave Hub. The agreement provides Fortum with the opportunity to deploy a wide selection of advanced full scale wave power converters in real sea conditions at one of Wave Hub’s four berths.
The Burges Salmon team also advised Wave Hub in December 2013 in relation to the 10MW array that Seatricity is developing over the next two years at the energy test facility. Wave energy firm Seatricity plans to deploy its second generation device at Wave Hub in 2014 prior to building out to a full scale grid-connected array in 2015.
Ross Fairley, a partner at Burges Salmon and head of the firm’s Energy and Utilities team, said: “We are pleased to have assisted Wave Hub with these significant wave energy deals, which further highlight the company’s place as a driver for development of UK marine renewable energy.”