Australian company BioPower Systems has secured land access, onshore development rights and project intellectual property.

BioPower Systems CEO Dr Timothy Finnigan said Port Fairy is a premier location for the wave energy farm, crediting the “strength and consistency” of the swell.

BioPower Systems expects to commence works at the site by the end of this year and to initially produce energy using a 250 kW bioWAVE™ ocean wave energy system.

A commercial wave farm using an array of 1 MW bioWAVE™ units would follow the company has said.

Preliminary assessments suggest that the site could accommodate up to 100…