Carnegie Wave Energy Receives Grant For First International Development
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Australia-based wave energy technology developer Carnegie Wave Energy has announced it has received funding for a 15 MW commercial wave energy project at Wave Hub, in Cornwall in the United Kingdom, the company’s first international contract.
Leading wave energy developer Carnegie Wave Energy announced on Sunday that it had been granted £9.6 million (AUD$15.5 million) from the European Regional Development Fund to support the first phase of a 15 MW commercial wave energy project at Wave Hub, Cornwall, in the United Kingdom, which the company is hoping to develop. Cornwall’s Wave Hub is the world’s largest and most technologically advanced site for the testing and development of offshore renewable energy technology, so it is unsurprising that Carnegie, the only company in the world to have operated a grid-connected wave energy project over four seasons, is aiming to be involved.
The first phase of the project to which the recently announced funding will go is a 1 MW development, which will be followed by the second phase, which is planned for 2020/21, which will deliver a subsequent 15 MW commercial wave array. Development of the first phase is set to commence immediately, and is expected to be commissioned in 2018.
“The United Kingdom offers unique advantages for the commercialisation of CETO,” said Dr. Michael Ottaviano, Carnegie’s Managing Director and Chief Executive Officer. “This funding from the European Regional Development Fund is a prime example of the funding support available that is accompanied by marine energy revenue support, experienced supply chains, demonstration sites such as Wave Hub, and deep investment knowledge in the renewable energy sector. We are delighted to have been selected through what is a highly competitive process consisting of a rigorous technical and commercial assessment process.”
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