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Released May 30, 2013 | PERTH, AUSTRALIA
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Researched by Industrial Info Resources Australia (Perth, Australia)--Carnegie Wave Energy Limited (Perth, Australia) will begin construction on the 1-megawatt (MW) Garden Island Wave Demonstration power station in Western Australia by the end of third-quarter 2013. The power plant will be located 3 kilometres west of Garden Island, Australia, and it is expected to be the most energy-efficient plant in the region.
Carnegie initially planned to build a 15-MW wave energy plant at Garden Island in several stages; however, the company now will build only a 1-MW plant as part of Phase I. Plans to proceed with next phase are yet to be determined.
The Garden Island Project will comprise three fully submerged wave energy converters that will be connected to three onshore hydroelectric turbines. It will become the first demonstration of a complete grid-connected CETO system anywhere in the world. Carnegie has selected all the major contractors for the project and is finalizing internal negotiations.
In addition to the energy plant, Carnegie will construct an integrated desalination plant off the Navy's Garden Island base. Carnegie received a $1.3 million grant from the government's clean technology innovation program to develop the desalination project. Construction on the desalination plant will begin by the end of 2013.
The company recently raised share capital worth $8.5 million to develop a wave-powered electricity station and integrated desalination plant.
Michael Ottaviano, Carnegie's managing director, said that the result was a strong show of support.
"We're delighted by the strong and enthusiastic response of our shareholders," he said. "With the share purchase plan now closed, the company is focused on delivery of its flagship Perth wave energy project."
Construction of the wave energy plant will involve installation of three CETO's to produce 1 MW of electricity. Construction will begin by the end of July 2013, with selected major contractors.
In 2009, Carnegie Wave Energy planned to develop its first large-scale, commercial wave energy plant, using its "CETO" wave technology in Albany, Western Australia. The project, known as the Albany wave energy plant, will generate up to 20 MW of power after completing Stage I construction. The timelines for construction are very tentative at the moment, due to the project's huge capital value.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
Carnegie initially planned to build a 15-MW wave energy plant at Garden Island in several stages; however, the company now will build only a 1-MW plant as part of Phase I. Plans to proceed with next phase are yet to be determined.
The Garden Island Project will comprise three fully submerged wave energy converters that will be connected to three onshore hydroelectric turbines. It will become the first demonstration of a complete grid-connected CETO system anywhere in the world. Carnegie has selected all the major contractors for the project and is finalizing internal negotiations.
In addition to the energy plant, Carnegie will construct an integrated desalination plant off the Navy's Garden Island base. Carnegie received a $1.3 million grant from the government's clean technology innovation program to develop the desalination project. Construction on the desalination plant will begin by the end of 2013.
The company recently raised share capital worth $8.5 million to develop a wave-powered electricity station and integrated desalination plant.
Michael Ottaviano, Carnegie's managing director, said that the result was a strong show of support.
"We're delighted by the strong and enthusiastic response of our shareholders," he said. "With the share purchase plan now closed, the company is focused on delivery of its flagship Perth wave energy project."
Construction of the wave energy plant will involve installation of three CETO's to produce 1 MW of electricity. Construction will begin by the end of July 2013, with selected major contractors.
In 2009, Carnegie Wave Energy planned to develop its first large-scale, commercial wave energy plant, using its "CETO" wave technology in Albany, Western Australia. The project, known as the Albany wave energy plant, will generate up to 20 MW of power after completing Stage I construction. The timelines for construction are very tentative at the moment, due to the project's huge capital value.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
