I am sure the UK government would like to build their marine energy industry around homegrown technologies. As an Australian company, that would seem to leave CWE on the outer.
By listing on the London Stock Exchange and having a UK subsidiary, they may look more favourably toward CWE.
Recent events such as the collapse of Pelamis, Aquamarine and REH, leaves the renewable energy sector in the UK in a parlous state.
A successful marine energy industry in Europe is vital for CWE's future success. Is it any wonder that MO is over there now?
Add to My Watchlist
What is My Watchlist?