By John Conroy
Receipt of grant cash was subject to OPT securing “future significant external funding milestones” towards the $232m proposed cost of building the wave power station off the coast of Australia, reNews said.
According to the website, the initial funding was subject to “claw-back provisions” based on performance criteria and will be returned after the OCT board decided the PowerBuoy array was “no longer commercially viable”.
Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.
Read more here: Business Spectator