World Energy Research to finance Blue Energy Canada's first 200 MW commercial tidal power project

 Auckland, New Zealand (PRWEB) July 4, 2009 -- World Energy Research and Blue Energy Canada have signed a joint agreement in which World Energy Research will finance the development of Blue Energy Canada's first 200 MW commercial tidal power project at a cost of roughly half a billion dollars. World Energy Research, which specializes in the development and commercialization of green energy technology, chose Blue Energy's resource-driven tidal power design over other technologies in the emerging tidal power sector.

"After exhaustive research, World Energy Research found several companies capable of producing small amounts of energy, but none on the scale of Blue Energy's Davis Tidal Turbine, which was developed specifically to harness tidal power on a large scale," said Chad Willis, Managing Director of World Energy Research.

BusinessWeek Magazine in its article 'Innovation from Recession' just listed Blue Energy's discovery number one out of the top 20 most important technologies of the next 10 years.

"The Blue Energy vertical-axis turbine represents two decades of Canadian research and development, which generates an inexpensive, non-exhaustible source of environmentally-safe electricity to power the world's energy needs," says Blue Energy Canada's CEO, Martin J. Burger.

The partnership promises to be an exciting time in the upcoming commercialization of this game changing technology, harnessing the world's largest untapped renewable energy source.

Download the Project Reference Material by clicking here.