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Wed 04 Apr 2009Funding shortfall may hinder wave energy - report
WAVE ENERGY will not develop significantly in Ireland “for at least a decade” due to investment difficulties and the “unproven nature” of the technology, according to an energy audit of Co Mayo.
The study by the Sustainability Institute, headed by former Green Party member Andy Wilson, says investors are “pulling out of renewable energy projects, blaming the global recession and world energy prices”.
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