"The company has stated that its project will commence immediately, with commissioning in 2018, followed by 12 months of operations. Phase 2, planned for 2020/21, will deliver a subsequent 15MW commercial array, offering the chance of a return on their total investment which is likely to exceed £60m."
A 15 MW array at WaveHub and a 5 MW array at WestWave, all due in 2020/21, will mean that the production of Ceto 6 devices is about to create a lot more jobs.
I believe everything is pointing toward Falmouth as the likely place for the first Ceto 6 buoys to be built and tested.
Those two projects alone should mean that about 20 buoys will be built within the next four or five years, this without counting any other buoys required for Perth, Mauritius and other locations not yet announced.
The place that builds these buoys is about to get very busy.
CWE Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
