Yesterday it was announced that Oceanlinx Limited has started the process of developing a wave energy facility near Florence Oregon. Earlier, Ocean Power Technology started the process near Reedsport. According to Worldlink.com's Susan Chambers, "to date there are 7 projects proposed for the Oregon Coast."
Wave Energy Parks consist of buoys anchored to the ocean floor that ride ocean swells. inside of each buoy is equipment that would harness a portion of the swells' energy, convert it to electricity and transmit it to shore. Chamber's article states that "Some proposals call for up to 200 buoys in a single area, up to about 5 square miles. All must be approved by the Federal Energy Regulatory Commission."
So what are Wave Energy Parkss? Follow the following link to Oregon State University's Motor Systems Research Facility . There are a number of posters taht can be viewed or downloaded.
While this isn't popular with local fishermen, it is a wonderful step towards an alternate energy source and could help stimulate the economies of several depressed Oregon communities. Only time will tell if it is beneficial.
Larry Morris is a loan Officer with Equipoint Financial Network in Newberg, Oregon. He specializes in relocations and Sherwood, Oregon neighborhoods. He can be reached at larry.morris@equipoint.com. His website is www.PDX-Mortgage.com.
Larry Morris is a Certified Mortgage Planning Specialist with American Nationwide Mortgage Company in Newberg, Oregon. He specializes in USDA Guaranteed Rural Home Loans, FHA Purchase and Refinance, FHA 203k Rehab loans, Sect 184 Native American loans, Hobby Farm loans and conforming purchase and refinances in the states of Oregon and Washington.
He can be reached at 503-421-0096, or larry@PDX-Mortgage.com.
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