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France’s Alstom buys into Scots wave power pioneer

SCOTTISH renewables specialist AWS Ocean Energy has sold a 40% stake in the company to Alstom, one of Europe's largest engineering groups.

WATER WORKS: A scaled-down prototype of AWS's wave device was tested on Loch Ness last year. The next phase will be a single-cell device.
WATER WORKS: A scaled-down prototype of AWS's wave device was tested on Loch Ness last year. The next phase will be a single-cell device.

The move is part of a plan to expand operations and accelerate the development of its revolutionary floating doughnut wave-power machine.

No value was put on the deal, which was announced by First Minister Alex Salmond at an event at Edinburgh Castle last night, but it is understood to be worth multi-millions.