I recently released an updated version of my book, Green Investing: A Guide to Making Money from Environmentally-Friendly Stocks. One area I was not bullish on in the short-term (but am long-term) is wave power. To this end, I encourage you to read this article from today’s Technology Review which reports that Scotland is developing a 1.2 gigawatt wave power project. As one industry spokesman says, “This industry is about to grow up.”
If the project is successful—and this is a big ‘if”—wave power could generate as much as 15 to 20% of Scotland’s electrical energy needs. In the U.S. the figure could be as high as 10% if the country were to develop wave power off the coasts of Hawaii, California, Oregon, Washington and Massachusetts.
