Carnegie Wave Energy’s Perth Wave Energy Project has reached 12 months of successful operation as the first commercial-scale and grid-connected wave energy array in the world.
The $32 million Perth Wave Energy Project has seen the design, deployment and testing of three CETO 5 wave energy units off the coast of Garden Island, Western Australia.
The project has received $13million in funding from the Australian Renewable Energy Agency (ARENA).
ARENA CEO, Ivor Frischknecht, said the successful operation was a huge achievement and further cemented Australia’s position as a leader in renewable wave power.
“It demonstrates Carnegie is well placed to continue progressing its innovative technology through the development of its next generation CETO 6 unit,” Mr Frischknecht said.
“The three CETO 5 units have been retrieved and invaluable data is being collected from onboard sensors.
Mr Frischknecht said the data collected will be useful for the further development and operation of the CETO 6 wave power unit, along with other Carnegie projects and Australia’s wave energy industry more broadly.
Carnegie has now met all the requirements of its LEED funding agreement and received 100 per cent of the grant payments from the Government of Western Australia’s Low Emissions Energy Development (LEED) Fund and the Australian Government’s Australian Renewable Energy Agency (ARENA).
Carnegie has received payment for all LEED milestones for the Perth Project including for the required operational period. Payment has also been received for the concept design milestone of its CETO 6 Project.
In addition, Carnegie has received payment from ARENA for the first six months of operational milestones ($66,537) and has submitted the final milestone invoices ($955,043) associated with completing the full 12 months of operations.