(SeeNews) - Nov 4, 2013 - Brazilian federal utility Furnas kicked off last week a BRL-9-million (USD 4m/EUR 3m) wave-to-energy research and development (R&D) project, which foresees the installation of a wave energy converter.<br /> The generation capacity of the converter, to be installed at the coast of Rio de Janeiro municipality, southeastern Brazil, will be defined after completion of the first phase of the project, scheduled to end in 2015.<br /> The project will be developed in partnership with Brazilian energy studies institute Coppe/UFRJ and local Seahorse Wave Energy-Energia Das Ondas SA.<br /> Initially, the partners will create a prototype of the converter, which will undergo tests in a wave tank of Coppe-UFRJ and then the equipment will be installed 100 m (328 ft) off the coast, behind the Ilha Rasa island.<br /> The original idea consists of offering the facility's production on the free market, via an undersea cable. The generation will be totally offshore, making the project the first of this kind in the country.<br /> The initiative forms part of Furnas' strategy to seek new business opportunities, the company's research, development and innovation (RDI) director, Renato Norbert, said.<br /> (BRL 1.0 = USD 0.444/EUR 0.329)
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