PORT ANGELES — A three-year sales contract for power generated by a proposed ocean wave project near Cape Flattery could be ready by the end of the month.
Mercer Island-based AquaEnergy Group Ltd. hopes to generate electricity from ocean waves and transmit it to the utility’s operating power grid across Makah tribal reservation land.
A buoy to monitor ocean conditions was installed Oct. 30 about 3.5 miles off Hobuck Beach, the future location of a $2 million four-buoy demonstration project.
Fred Mitchell, Clallam County Public Utility District No. 1’s telecommunications and power resources manager, said Monday that this is the eighth draft of the power sales agreement, which should be finished by the end of the month.
The contract sets the price for energy from the project at 4 cents per kilowatt, or $40 per kilowatt-hour, for three years.
Mitchell said that price is “attractive” for a renewable energy source, although the price might go up later.
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