U.S. Department of Energy - Energy Efficiency and Renewable Energy
FERC to Issue Conditional Licenses for Ocean Energy Projects
December 12, 2007
The Federal Energy Regulatory Commission (FERC) announced in late
November that it will issue conditional licenses for projects that
draw power from waves, tides, and currents. Such "hydrokinetic"
projects, as FERC refers to them, can receive conditional licenses if
FERC has completed a favorable review of the project, but
authorizations from other federal entities have not yet been received.
The conditional licenses could help developers to obtain financing for
the project. Under the conditional license, construction can only
begin once all appropriate authorizations are obtained under federal
laws such as the Clean Water Act, the Coastal Zone Management Act, and
the Endangered Species Act. Although the FERC policy statement was
effective immediately, the commission will accept public comments on
the policy through December 14th. See the FERC press release and the full policy statement (PDF 44 KB).
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