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Ocean Power Technologies pulls plug Australian marine energy project

2014-07-18 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Two of the world's leading marine energy companies have experienced contrasting fortunes this week, as Ocean Power Technologies revealed it was scrapping plans for a major project off the Australian coast, while Atlantis Resources announced its MeyGen tidal energy project had passed an important milestone. US-based Ocean Power Technologies saw its share price fall to a record low this week after its Australian subsidiary Victorian Wave Partners announced that it was shelving plans to deploy an...

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