Description
The project is financed by the South West of England Regional Development Agency (£12.5 million), the European Regional Development Fund Convergence Programme (£20 million) and the UK government (£9.5 million).
Wave Hub could generate £76 million over 25 years for the regional economy. It would create at least 170 jobs and possibly hundreds more by creating a new wave power industry in South West England.
Wave Hub could generate 13,800 megawatt hours of electricity annually, enough for 7,500 homes, saving 24,300 tonnes of carbon dioxide every year when displacing fossil fuels. This would support South West England’s target for generating 15% of the region’s power from renewable sources by 2010.
Read more about this topic: Wave Hub
Famous quotes containing the word description:
“Whose are the truly labored sentences? From the weak and flimsy periods of the politician and literary man, we are glad to turn even to the description of work, the simple record of the month’s labor in the farmer’s almanac, to restore our tone and spirits.”
—Henry David Thoreau (1817–1862)
“A sound mind in a sound body, is a short, but full description of a happy state in this World: he that has these two, has little more to wish for; and he that wants either of them, will be little the better for anything else.”
—John Locke (1632–1704)
“I was here first introduced to Joe.... He was a good-looking Indian, twenty-four years old, apparently of unmixed blood, short and stout, with a broad face and reddish complexion, and eyes, methinks, narrower and more turned up at the outer corners than ours, answering to the description of his race. Besides his underclothing, he wore a red flannel shirt, woolen pants, and a black Kossuth hat, the ordinary dress of the lumberman, and, to a considerable extent, of the Penobscot Indian.”
—Henry David Thoreau (1817–1862)