$19.5m commitment for Australian wave farm

Carnegie Clean Energy Limited has announced that the Western Australian State Labor party has committed A$19.5m to fund a waveà‚  energy project and Centre of Excellence in Albany, Western Australia, should they be elected on 11 March.
à‚ 
The project will be the first commercial scale wave farm in Australia and would be delivered in stages, involving an initial 1 MW unit followed by a 20 MW wave farm resulting in over A$100m of local investment.à‚  Successful demonstration of the 20 MW farm could in turn lead to a 100 MW expansion.
Carnegie wave energy
Carnegie‘s Managing Director, Dr Michael Ottaviano, commented: “It’s time for Australia to embrace the potential of wave energy. It is well understood that our wave resource is the best in the world. Unlike other power technologies where Australia has become a “technology taker”, wave has the potential to build an industry we can commercialise locally and export globally.”
à‚ 
West Australia’s wave resource is estimated at 10,000 MW or approximately twice the current West Australian electricity capacity (RPS, 2010) and Australia’s total potential wave resource is some five times the installed power capacity of the country (CSIRO, 2011).

No posts to display