A £42m wave energy facility launched 11 years ago is to be sold to an offshore wind farm company.
Wave Hub, an undersea "socket" located off Hayle in Cornwall, is meant to transfer electricity from wave energy producers to the National Grid.So far no firms have used the facility for that purpose.
Owner Cornwall Council said it would be sold for an undisclosed sum to Swedish firm Hexicon in a deal expected to be completed at the end of May.
Wave Hub, forecast to be a "world class facility", was financed by the South West of England Regional Development Agency (£12.5m), the European Regional Development Fund Convergence Programme (£20m) and the UK government (£9.5m).
The site, 10 miles (16km) north of St Ives and Carbis Bay, is linked to the mainland via an undersea cable, but no power has been transferred through it - link
Owner Cornwall Council said it would be sold for an undisclosed sum to Swedish firm Hexicon in a deal expected to be completed at the end of May.
Wave Hub, forecast to be a "world class facility", was financed by the South West of England Regional Development Agency (£12.5m), the European Regional Development Fund Convergence Programme (£20m) and the UK government (£9.5m).
The site, 10 miles (16km) north of St Ives and Carbis Bay, is linked to the mainland via an undersea cable, but no power has been transferred through it - link
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