28 Nov '16, 1am

Carnegie Wave Energy receives ERDF grant for CETO project in the UK

Carnegie Wave Energy receives ERDF grant for CETO project in the UK

Carnegie Wave Energy Limited will use the grant to support the first phase of its planned 15 MW commercial wave energy project at Wave Hub in Cornwall, the world’s largest and most technologically advanced site for the testing and development of offshore renewable energy technology. CWE is the only company in the world to have operated a grid-connected wave energy project over four seasons. The project focuses on the implementation of the 1 MW stage 1 of a planned phased scheme, for which stage 2 (planned for 2020/21) will deliver a subsequent 15 MW commercial array at the same site, offering a commercial return on investment. The project will commence immediately, with commissioning set for 2018, followed by 12 months of operations. The £9,551,962 grant from the European Regional Development Fund, is part of the European Structural and Investment Funds Growth Programme 20...

Full article: http://www.renewableenergymagazine.com/ocean_energy/carne...

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