Keep up to date with the latest news delivered direct to your Inbox.
Wave Hub Delays Blamed on Recession
9:36am 9th February 2012
Cornwall's wave hub may not finally start producing power until 2013.
The £42 million project has landed another customer.
There is a chance the first electricity may be generated off St Ives by the end of the year.
Spokesperson Claire Gibson tells the Westcountry Tonight they have been hit by the recession: "Unfortunately the market's been a little bit difficult for device developers to secure sufficient finance to come to the site, but also we've needed to make sure we've had the navigation marks out there.
"Hopefully the device will start generating electricity later this year. Certainly, next year we'll see power generating from Wave Hub and then into the national grid."
Share This StoryTweet
UPDATE: Treliske Back On Highest Alert
Cornwall News: The Royal Cornwall declared a 'level four' over the weekend
Tunisia inquests: 'First victims didn't stand a chance'
National News: Witnesses giving evidence at the inquest into the deaths of 30 murdered Britons in Tunisia have described how the first victims to be targeted didn't stand a chance.
Business Cornwall News - Friday, 18th December 2015
Business Cornwall News: Cornwall is spearheading reform of the Uk’s business licensing laws following a a year-long project.
Razzies 2016: Zoolander 2 tops year's worst movies
Showbiz News: Sequels, remakes and book adaptations dominate "the crop of cinematic c**p" at this year's Annual Razzie Awards.
Trump spokesman Spicer: Our intention is not to lie
World News: Donald Trump's spokesman has said the White House's intention is not to lie after a row over audience numbers at his inauguration.
Bernie Ecclestone no longer F1 chief executive - statement
Sports News: Bernie Ecclestone has confirmed he is no longer the chief executive of Formula One after almost 40 years in charge, it has been reported.
Finally! After years of trying, China celebrates ballpoint pen breakthrough
Strange News: China has finally produced its own fully home-produced ballpoint pen after years of trying to master the complex techniques involved in making the delicate tips.