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Wave Hub Delays Blamed on Recession

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Published by the Pirate FM News Team at 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."

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