Perth-founded Bombora Wave Power has secured an $18.7 million grant from the European Regional Development Fund, days after Carnegie Clean Energy announced funding delays for its wave energy project in Albany.
Perth company Bombora Wave Power will proceed with construction of its first commercial sized mWave device after securing multi-million dollar backing from international renewable energy consultancy Enzen.
Renewable technology company Bombora Wave Power says an independent study has confirmed the viability of its first commercial project, a 60-megawatt wave farm in Portugal, which it says will cost $180 million to develop.
