Carnegie Clean Energy interim result reveals bigger losses, but also key progress on the company’s CETO wave power technology.
Carnegie Clean Energy
Carnegie’s Garden Island microgrid back up and running after upgrades.
A sparsely-worded half-year results statement says Carnegie is continuing to progress its CETO 6 wave energy technology, with “innovation opportunities” and smart controls.
Carnegie says it’s “back from the brink” and ready get to work delivering a commercially successful large-scale CETO wave power plant in 3-5 years.
Carnegie relies on third party investors to help reach minimum fund raising target for the re-capitalisation of its wave energy business.
W.A. Garden Island Microgrid – a cornerstone project for wave power developer Carnegie Clean Energy – officially powers up, supplying solar and storage for Australia’s largest naval base.
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.