
The green light has been given to construction of a new wave farm off the coast off Cornwall which could create 1,800 jobs.
Wave Hub, a £28 million seabed electric socket, is set to receive approval form John Hutton, secretary of state for business, enterprise and regulatory reform.
The hub will include onshore equipment connected to electrical equipment by undersea cables.
Companies developing wave technology will be able to plug into the sub-sea device to test their equipment.
The project, which is funded by the South West of England Regional Development Agency, has undergone an independent economic impact assessment.
According to the study, the Wave Hub would create 1,800 jobs - 1,000 of them in Cornwall - and contribute £560 million to the UK economy over a quarter century.
Over the same time period, it could provide 7,500 homes with energy and save 300,000 tonnes of carbon dioxide.
Maria McCaffery, chief executive of the British Wind Energy Association, said: "Wave Hub will be a crucial part of the learning curve for everyone with an interest in wave energy development around the world and will underpin the growing confidence in these exciting technologies.
"It's this kind of progress that makes the UK the global hotspot for the expansion of carbon free energy from the sea and we must ensure it remains so."