Irish wave power developer Wavebob will hold the remaining 49%, though both companies say they are open to more partners in the future.
Pandion has applied for a number of prime ocean energy sites along the western coast of Ireland, which it says it can eventually develop to produce more than 250MW once it becomes technically and economically viable.
The move marks Vattenfall’s first step towards the emerging ocean energy market, while it continues to pursue other renewables, nuclear power and coal using carbon capture and storage (CCS).
The
