Funding for WA project to harness ocean energy

Nearly $10 million in Federal Government funding has been allocated to Carnegie Wave Energy’s Perth Wave Energy Project in Western Australia, which will see the installation of the world’s first grid-connected demonstration of the company’s CETO wave energy technology.

Federal Resources and Energy Minister Martin Ferguson said “With the Government’s assistance through the Emerging Renewables Program, this $31 million pilot project will demonstrate the potential for Carnegie’s Australian-invented and owned CETO technology to provide up to 2 MW of energy to the electricity grid.”

“This technology not only has the potential to increase investor confidence in wave projects and help unlock Australia’s untapped wave energy resource, but it could also produce zero-emission desalinated seawater, which on a dry continent such as Australia is a significant additional attraction,” said Mr Ferguson.

In addition, the Western Australian Government is providing $5.5 million in funding to this stage of the project, located off Garden Island.

It is anticipated that power generated through the project could be delivered into the grid by the end of 2013.

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