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British firm announces world's largest tidal power development

19 Mar 2008

300 turbines, 300MW by 2015
300 turbines, 300MW by 2015

While the Government here has received two applications for the first tranche of $2 million for wave energy, a British company yesterday announced the world's largest tidal power project.

Lunar Energy, Britain's leading tidal power company, has announced an agreement with Korean Midland Power Co (KOMIPO), which will create a giant 300-turbine field in the Wando Hoenggan Water Way off the South Korean coast.The plant will provide 300MW of renewable energy to Korean Midland Power Co by December 2015.


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New Zealand
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Owning a green home could cut mortgage payback time by two years

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A green certified home plus a green mortgage and associated energy bill savings could save Kiwi families up to $98,800 over the course of their mortgage - the equivalent of being mortgage-free several years early, according to new research.

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