Carnegie Gets Australian Government Grant Payment

Wave energy developer Carnegie Wave Energy Limited announces the receipt of $334,882 from the Australian Government for the completion of the CETO Unit Milestone 7a of the Perth Wave Energy Project.

This is in addition to $324,439 received from the Western Australian State Government.

Carnegie received $334,882 for completion of the CETO Unit milestone 7a from the Australian Government under its grant from the Australian Renewable Energy Agency (ARENA) Emerging Renewables Program. The milestone payment was awarded for Carnegie’s progress on the manufacture of the CETO Units for the Perth Wave Energy Project.

Carnegie previously received a payment of $324,439 for CETO Unit milestone 7a under its LEED Grant from the Western Australian State Government. This brings the total grant funding received for this milestone to $659,321.

Press Release, November 12, 2013