Carnegie eyes wave energy project in Bermuda

May 11, 2012 - Australian wave energy developer Carnegie Wave Energy Ltd (ASX:CWE) said Friday it had wrapped up a study that found Bermuda's wave regime to be suitable for commercial deployment of its CETO wave power technology.

Along with Bermudian company Triton Renewable Energy Ltd, Carnegie wants to develop a commercial wave project that will generate as much as 20 MW of power and also provide desalinated water to the island. The scheme was selected in 2009 as one of the preferred renewable energy projects of the Bermuda Electric Light Co Ltd.

Carnegie said that over the past year it had undertaken what it described as the first detailed study of Bermuda's wave regime in partnership with Triton and technical support from Ground Electronics Services and Bermuda Weather Service (BAS-Serco Ltd). The aim of the study was to explore the scope for a commercial CETO project.

"We look forward to working with the Bermudan government to further develop a commercial CETO wave energy facility in Bermuda," Carnegie's site development manager Tim Sawyer said, adding it would follow on from the company's Perth Wave Energy Project in Western Australia. Carnegie recently received USD 16 million (EUR 12.4m) in grant funding from the Australian federal government and the Western Australia state government for that project.

The company added that remote islands, most of which heavily dependent on imported diesel for electricity generation, were a natural market for its CETO wave energy system.

(USD 1.0 = EUR 0.773)

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