A one-third-scale Carnegie Ceto 3 during year-long performance testing Photograph: Carnegie Wave Energy Australian developer Carnegie Wave Energy says the Western Australian Water Corporation is negotiating a power purchase agreement for its proposed 2MW demonstration plant near Perth on an exclusive basis.
Water Corp is looking to add marine energy to its portfolio supplying energy to its desalination plant, having already signed offtake agreements with the Greenough River solar PV project and the Mumbida wind farm ? both owned by local utility Verve Energy.
Carnegie is developing a 2MW pilot project WA, which it hopes will be the first grid-connected demonstration of its Ceto technology - an array of submerged buoys that pump high-pressure water to onshore hydroelectric turbines.
The company said in May it had secured A$31.7m ($33.1m) of government and private funding to proceed with the project.
Carnegie says the Water Corporation is open to either a short-term or long-term electricity supply arrangement.
The developer previously announced alternative power off-take options for the Perth project with the Australian Department of Defence and local utility Synergy.
A decision on the final power supply arrangements for the Perth project is expected shortly, Carnegie says.
Carnegie shares were up 13% on the news.
Published: Thursday, July 5 2012
Source: http://www.rechargenews.com/energy/wave_tidal_hydro/article317101.ece?WT.mc_id=rechargenews_rss
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