Carnegie Wave Energy Limited
(ASX:CWE) has secured a demonstration berth for its CETO 6 project at the Wave Hub energy demonstration facility in Cornwall in south west England.
The berth offers the wave energy technology developer access to subsea cables and a grid connection and an opportunity to test its CETO 6 technology in a commercial environment.
The CETO 6 Unit will have a 1MW power capacity and will have access to claim 5 Renewable Obligation Certificates that should pay around $500/Mwh.
Carnegie recently announced a $20 million debt facility with the Clean Energy Finance Corporation and last week opened a $6 million capital raising via a Share Purchase plan which closes on 17 April 2014.
Carnegie Wave Energy reported a net loss of $2.96 million in the first half of the 2014 financial year.
