Carnegie close to 2MW PPA deal

Australian wave energy developer Carnegie Wave Energy is in advanced discussions regarding a 2 megawatt power purchase agreement (PPA) agreement with West Australian utility Water Corporation for power supply to its Southern Seawater Desalination Plant (SSDP).
If successful, the agreement will be a major boost to the wave energy company. Carnegie recently received a $9.9 million grant from the Federal Government’s Emerging Renewables Program (ERP) and $5.5 million from the WA Government.
Carnegie previously reported power off-take options for the Perth Wave Energy Project at Garden Island in WA including the Australian Department of Defence.
Carnegie employs a grid-connected wave technology called CETO. The wave energy system operates by using a number of fully submerged buoys anchored to the ocean floor converting wave energy into zero emission electricity.
Carnegie will potentially supply up to 2 megawatts of renewable wave power to the plant. A decision on the final power supply arrangements is expected soon.
“The Water Corporation is open to either a short term or long term electricity supply arrangement subject to the parties agreeing satisfactory commercial terms,” Carnegie said in a statement.
In 2011 the Water Corporation announced that the SSDP had agreements with the Mumbida Wind Farm and the Greenough River Solar Farm for the purchase of power.