Carnegie Clean Energy has announced its subsidiary CETO Wave Energy Ireland has received a progress payment of €251,100 (approximately AU$411,500) under its EuropeWave Phase 3 Contract.
The EuropeWave deal forms part of the Australian company’s ACHIEVE programme, delivering the first deployment of its CETO wave energy converter technology in Europe.
This contractual payment was received following the EuropeWave Buyers Group’s review and acceptance of a project deliverable related to the award of over €1m in procurement contracts for key CETO components. Carnegie said this represents the increasing depth of the supply chain engaged in the ACHIEVE Programme and marks ongoing progress being made towards the deployment of CETO at the Biscay Marine Energy Platform (BiMEP) site in the Basque Country.
Initial ACHIEVE procurement contracts have been awarded for several key components of the CETO system to be deployed at BiMEP.
This includes mooring connectors from Quoceant, inverters from SEI S.L and generators from Oswald Elektromotoren GmbH.