IRISH-AUSSIE WAVE DEAL

SEAI signs funding agreement with Australian wave energy developer
January 12, 2011 (Silicon Republic)

"…[Sustainable Energy Association of Ireland (SEAI)] has secured a formal funding agreement with Australian renewables company Carnegie Wave Energy for a €150,000 project to evaluate potential wave sites for its CETO technology in Ireland and to develop a site-specific conceptual design.

"The project, which will be managed through the company’s Irish subsidiary, CETO Wave Energy Ireland, is 50 [percent] funded by the SEAI and 50 [percent] by Carnegie and forms the first phase of detailed design for a potential 5MW commercial demonstration project in Irish waters."

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"…[T]he project has now started with the recent appointment of RPS Consulting Engineers to undertake the study. RPS Consulting Engineers…previously Kirk McClure Morton…has already worked on a number of wave and tidal-development projects in Europe and North America…

"…[T]o support the development of ocean energy, the Irish Government is providing dedicated grant funding to support the research, development and deployment of ocean energy and has established a feed-in tariff of €220 per megawatt hour for ocean energy…"