Been meaning to correct my figures. The correct figures are...

Been meaning to correct my figures. The correct figures are actually higher:

1. Portugal pays 23 Euro cents per kW/h feed in tariffs. That is €230 per MW/h. If you were generating 10 MW of baseload wave power you would be earning €1,656,000 per month which is approx. €20 million per annum. 50 MW equals €100 million per annum.

2. A wave power generator in Scotland will receive ROCs (Renewables Obligation Certificates) of 5 x £37 per megawatt/hour = £185 (in the UK wave power ROCs will count as two times the value of regular ROCs, but that figure is five times in Scotland). That is £185 for every megawatt produced for every hour of generation. If you were generating 10 MW of baseload wave power then you would be earning £1,332,000 per month, which is about £16 million per annum (more if the market value of each ROC is higher as they can be on-sold to high carbon emitters). 50 MW equals £80 million per annum. This calculation is independent of the feed in tariffs, which as Haka says, would be on top of the ROCs.