DCNS
is
spending
some
€130m
($172.7m)
increasing
its
current
11%
holding
in
OpenHydro
to
59.7%
following
last
year’s
trials
of
its
16-metre-diameter
ring-shaped
turbine
off
the
coast
of
Brittany,
western
France.
The
company
is
targeting
annual
revenue
from
the
tidal
power
sector
of
€1bn
by
2025.
DCNS
chief
executive
Patrick
Boissier
says
the
company
is
“on
track”
with
its
wider
ambition
of
doubling
its
overall
revenue
by
the
end
of
the
decade
from
2009
levels
of
€2.4bn
through
a
portfolio
of
developments
in
offshore
wind,
wave,
tidal
and
ocean
thermal-energy
conversion.
It
is
cooperating
Log in to read complete article.
