Business Green: The world’s first commercial wave energy project is on the brink of collapse after its main backer went into administration last week, casting doubt over the future of a project that has already been dogged by technical problems. The Aguçadoura project was a joint venture between Edinburgh-based Pelamis Wave Power, Australian energy developer Babcock & Brown, Energias de Portugal (EdP) and Portuguese electrical engineering firm Efacec. But Australian-listed …