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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
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Unfortunately, wave power is not price competitive in Portugal at the moment. The €9m project was only made possible by the country’s feed-in tariff, which requires utilities to buy renewable energy from a wide range of producers. However, proponents of the farm believe that wave energy could be cost-efficient within 15 years.
Agucadoura’s farm is a only a small part of Portugal’s renewable energy plans, which include both the world’s largest wind farm and the world’s largest solar farm. The country hopes to generate 60 percent of its total energy from renewables by 2020.