On the heels of announcing its renewable energy fund, UK financier Barclays has funded a pioneering wave energy scheme. The bank granted a £3.4-million loan, spanning over five years, to Aquamarine Power for a 2.4-MW Oyster wave power system at the European Marine Energy Center (EMEC).
This is the second deal completed this year by Barclays Corp. Renewable Energy unit, following the agreement for the 28.6 MW Drone Hill wind farm in Scotland.
Alternative Energy Africa is trying to reduce its own carbon footprint in 2011. Ask about our electronic subscriptions and online marketing campaigns specially tailored for individual companies.