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:
“Do not require a description of the countries towards which you sail. The description does not describe them to you, and to- morrow you arrive there, and know them by inhabiting them.”
—Ralph Waldo Emerson (1803–1882)
“As they are not seen on their way down the streams, it is thought by fishermen that they never return, but waste away and die, clinging to rocks and stumps of trees for an indefinite period; a tragic feature in the scenery of the river bottoms worthy to be remembered with Shakespeare’s description of the sea-floor.”
—Henry David Thoreau (1817–1862)
“It is possible—indeed possible even according to the old conception of logic—to give in advance a description of all ‘true’ logical propositions. Hence there can never be surprises in logic.”
—Ludwig Wittgenstein (1889–1951)