Wave energy demonstration plant to be trialled off King Island, Tasmania, where it will be integrated with existing wind, diesel and solar resources – a first in Australia.
WA-based Bombora Wave Power to supply 4MW of its mPower technology to help wean fourth largest of Spanish Canary Islands, Lanzarote, off diesel.
Creditors of embattled wave power company Carnegie Clean Energy vote unanimously to accept restructuring plan to save the company and re-list it on the ASX.
Carnegie Clean Energy hopes to resurrect wave power business with help of key investors, while selling or winding down solar micro-grid subsidiary.
Embattled renewables developer appoints KordaMentha Restructuring to oversee voluntary administration of its business and fully owned subsidiary, Energy Made Clean.
WA government terminates $16m Albany wave project contract with Carnegie Clean Energy, citing reasons outside the company’s control.
More losses at solar micro-grid business blow another hole in wave energy developer Carnegie, forcing it to take another $40m in write-downs.
WA asks Carnegie to clarify finance position for its flagship Albany Wave Energy Project, after federal government tax changes raises questions about financing ability.
Carnegie replaces CEO after 10 years following share price fall, project delays and losses on solar and storage micro-grid play.