Date: Nov 12, 2009 Source: Company Data
PENNINGTON, NJ (Clean Edge) -- Ocean Power Technologies Australasia, a subsidiary of Ocean Power Technologies (OPTT_)recently announced that, in partnership with Leighton Contractors, it has received a A$66.46 million ($60.94 million) grant from the Federal Government of Australia to build a 19 MW wave power project off the coast of Victoria, Australia.