18 Juli 2012
Key power supply for Navy use wave energy (image : Carnegie)
Wave energy developer, Carnegie Wave Energy Limited
(ASX:CWE), is pleased to announce the
signing of key agreements with the Australian Department of Defence unveiled today
by the Australian Prime Minister, the
Honourable Julia Gillard, and the Federal Member for Brand, the Honourable
Gary Gray, at Carnegie’s Wave Energy Research facility at Fremantle, Western
Australia.
Australian Department of Defence (Defence) and Carnegie have signed formal power supply and grid
connection agreements for the Perth Wave Energy Project on Garden Island ,
the base of HMAS Stirling, Australia’s
largest naval facility. These
agreements govern the exclusive purchase
of all the electricity generated from the Perth Wave
Energy Project and the connection of the wave project into the local HMAS
Stirling electrical infrastructure.
The signing of this licence marks the end of a rigorous
assessment process by Defence and
symbolises their ongoing commitment to reducing their environmental footprint
and supporting local industry. Whilst providing HMAS Stirling with a source of
renewable green power, the project would also contribute to Defence and
Commonwealth greenhouse gas reduction targets.Carnegie has been working with
Defence since the signing of a Memorandum of Understanding in December 2008. Since then
Carnegie has successfully demonstrated the CETO technology at large
scale in the ocean offshore of Garden
Island . At the same time, Carnegie has
significantly developed the Project
design and secured 50% government funding for the project. The Project received
funding from the Government of Western Australia through the Low Emissions
Energy Development Program as well as from the Australian Government as part of
the Emerging Renewables Program.
CETO grid-connected, wave energy demonstration project.
Australian Federal
and Western Australian State
Government grants funding approximately 50% of Project costs.
Utilising Carnegie’s fully submerged and commercial proven
CETO wave energy device.
Providing clean, renewable energy to Australia ’s
largest naval base, HMAS
Stirling, on Garden
Island in Western Australia
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