On December 2nd, 2007, FERC issued the first ever hydrokinetic license for the Makah Bay Offshore Wave Pilot Project (FERC No. 12751-000) located offshore of Waatch Point in Challam County, WA.

Finavera Renewables Ocean Energy, Ltd.'s application was for an original minor license to construct,operate, and maintain a 1.0-megawatt (MW) project located in the Pacific Ocean in Makah Bay,about 1.9 nautical miles offshore of Waatch Point in Clallam County, Washington.

Finavera's application was for a 5-year pilot project license term to demonstrate the economic and environmental benefits of wave energy conversion power plants near coastal communities. The proposed project would occupy about 1 acre of land on the Makah Indian Reservation and about 28.3 acres of lands, collectively, of the Olympic Coast National Marine Sanctuary(Olympic Coast Sanctuary) administered by the U.S. Department of Commerce, National Oceanic and Atmospheric Administration (NOAA); and state-owned aquatic lands administered by the Washington State Department of Natural Resources (Washington DNR). The project will generate an average of about 1,500 megawatt-hours (MWh) of energy annually.