Vattenfall pulls out of Shetlands ocean energy project
Vattenfall has scrapped its Aegir array project off the Shetland Islands, which means the Swedish energy company will not be investing in wave power outside the Scottish archipelago.
Wave-power technology has not lived up to its promises and Vattenfall’s partners are in financial trouble, Swedish Radio’s science department reported.
“The technology works, but costs too much. Ocean waves are pretty powerful and so you need powerful constructions in case a storm happens for instance,” Vattenfall’s head of research, Karl Bergman, said.
However, Vattenfall is not pulling out of the ocean-energy sector altogether. “We still believe in this as a renewable technology, but it is clear that the technology needs to be developed further if it is to compete with other technologies out there, including wind power,” said Bergman.