Australian Wave energy developer Carnegie Wave Energy Limited (ASX: CWE) has announced the completion of a year-long Bermuda wave study that confirms the viability of the Island’s wave regime for a commercial CETO wave energy project.

Over the past 12 months, Carnegie, in collaboration with Bermudian company Triton Renewable Energy Ltd, and with the technical support of the Ground Electronics Services and Bermuda Weather Service (BAS-Serco Ltd.), undertook the first detailed study of Bermuda’s wave regime to explore the potential for a commercial CETO wave energy project.
Wave energy
The Hon. Marc A. R. Bean, JP, MP, Minister of Environment, Planning and Infrastructure Strategy commended Carnegie and Triton, saying, “The success of this technology will serve to move Bermuda ever closer to our Energy White Paper targets of reducing our reliance on fossil fuels and increasing our reliance on renewable sources of energy. I look forward to the deployment of this promising, clean and efficient energy technology.”

Carnegie and Triton propose to develop a commercial scale wave farm providing up to 20 MW of electricity generation and desalinated water to Bermuda. In 2009, the project was selected as one of the Bermuda Electric Light Company Ltd’s preferred renewable energy projects.

Remote islands offer a natural market place for Carnegie’s CETO wave power system. CETO is the only wave technology that is both fully submerged and generates power and water onshore.

Bermuda, like most remote islands, is largely reliant upon imported diesel for power generation which is both expensive and comes at an environmental cost.

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