Carnegie Inks MoU with Seychelles

Carnegie Wave Energy Limited has signed a Memorandum of Understanding (MoU) with the Republic of Seychelles to investigate commercial wave and microgrid opportunities.

The agreement focusses on identifying the opportunities and development pathways for commercial wave energy plants on the Seychelles, as well as potential microgrid opportunities that would enable CETO wave farms to be integrated into the existing power infrastructure to supply clean power and freshwater.

The MOU was announced at the inaugural Indian Ocean Rim Association Ministerial Blue Economy Conference in Mauritius. The conference theme was “Enhancing Blue Economy Cooperation for Sustainable Development in the IORA Region”.

Carnegie’s Chief Operating Officer, Mr. Greg Allen said: “Carnegie has identified remote islands as an attractive early market for the CETO technology. CETO, along with enabling micro grid solutions, can enable high penetration of renewable energy, displacing imported diesel. The signing of this MoU progresses the commercialisation of CETO in remote islands in parallel to mainland markets including the UK and Europe.”

Australia’s High Commissioner to Seychelles and Mauritius, H.E. Susan Coles, welcomed the signing, and noted: “This MoU consolidates the leading role of Australia as an innovator in marine renewable energy technologies for the Indian Ocean.”

The inaugural IORA Blue Economy Conference was an opportunity for Ministers and Senior Officials of Indian Ocean rim nations to focus on a number of development opportunities, including renewable ocean energy.