CorPower awarded ten-year marine license by Portuguese authorities

CorPower Ocean has been awarded a 10-year TUPEM license by the national Directorate-general for Natural Resources (DGRM).

The license provides a permit for the private use of the maritime space up to 12 miles off the coast of Aguçadoura in northern Portugal.

The permit unlocks the demonstration phase of the company’s flagship HiWave-5 project, paving the way for a new high-efficiency WEC product class.

“CorPower has reached a series of milestones throughout 2020 and the TUPEM license is another significant step forward. This permit allows to kickstart the final phases of our demonstration work in the Atlantic Ocean, which will test our next generation WECs within the most aggressive and challenging maritime conditions.

“The Aguçadoura coastal zone is a world-renowned site for marine renewable energy and has previously hosted the demonstration of floating offshore wind technology, now fully operational and supplying electricity to Portugal’s grid. There is huge potential for wave energy developments to deliver consistent and predictable clean electricity along the Portuguese coast, either as standalone wave farms or combined with floating wind.”

Miguel Silva, CorPower Ocean country manager.

The CorPower HiWave-5 project continues in northern Portugal after a decade of product creation and three decades of wave hydrodynamics research.