A LACK of government support for the fledgling wave-energy industry is forcing Australian companies to increasingly invest overseas despite having the world's best wave resource off our coastline.Several Australian wave-energy proponents have started projects in such places as Hawaii, Central America and Ireland, saying Australia's risk-averse tendency is holding back investment.
While none has made the tough call to relocate just yet, and all those interviewed by BusinessDay are still hopeful of commercialising their technology in Australia, positive policy settings in other corners of the world are offering these companies the best opportunity to grow their businesses.
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