Fortum and Seabased AB to start construction of a wave power park in Sweden
PRESS RELEASE, 9 December 2011Fortum and Seabased AB have today signed an agreement on the construction of a joint wave power park in Sotenäs, Sweden. After completion, the wave power park will be the world’s largest, full-scale demonstration project of its kind. The total budget for the project is about 25 million euros, of which Fortum’s share is about half.In the first half of 2012, Seabased will start serial production of buoys, generators, substations and converters at a factory to be established in the Lysekil municipality in Sweden.The goal is for marine installation of the first