The Government of Bermuda has approved regulations for innovative licenses to provide electricity to the island, further clearing a regulatory path for Seabased's planned wave energy park. Bermuda, and Minister of Home Affairs, the Hon. Walter H. Roban, have provided an example to countries and communities everywhere for creating a legal and regulatory process to incorporate wave power into their renewable energy mix.
Minister Roban, was quoted as saying "This important milestone in Bermuda's efforts towards sustainable energy development will encourage innovation among energy creators while ensuring grid stability and ultimately benefitting our island and our people."
Seabased CEO Laurent Albert noted that the focus of innovation in renewable energy often centers on the technology. "But," he said, "the regulatory piece is just as important, and requires the support of an entire community. Bermuda and Minister Roban have done an excellent job of creating a template that many other communities can use to expand their renewable base."
