The wave park will include 10 buoys stringed together and linked to the coast through an underwater power cable. It is the result of six years of far-sighted research and development, and $10 million of funding.
From One World One Ocean:
Last month, the US Federal Energy Regulatory Commission approved the country’s first commercial wave energy project off of the coast of Reedsport, Oregon. The 35-year license allows Ocean Power Technologies Inc. (OPT) to build up to ten 140-foot buoys, which will generate 1.5 megawatts of power – enough to power 1,000 homes. The first buoy is expected to be deployed in October.
For testing purposes only one PB150 Buoy (pictured below) will be installed 2.5 miles off the Oregon coast. Assuming no problems nine more will be placed in the waves, connected together, and begin lighting up Oregon homes.