Carnegie Launches CETO Wave Hub Project

Carnegie CETO

Carnegie Wave Energy has formally launched its 15MW CETO Wave Hub Project on Friday with George Eustice, minister of state at the UK Department for Environment, Food and Rural Affairs (DEFRA), the leader and key councillors from Cornwall Council and Wave Hub.

Carnegie announced last week a GBP 9.6m (USD 12m) ERDF grant for the first phase of its Wave Hub Project.

Phase 1 of the 15MW Project consists of the design, construction, installation and operation of a single 1MW grid-connected CETO 6 wave energy converter device, adapted to local conditions and industrialized for large scale commercial deployment at the purpose built Wave Hub test site in the UK.

The Project will start immediately, with commissioning in 2018, followed by 12 months of operations, the company informed.

Phase 2, planned for 2020/21, will deliver a subsequent 15MW commercial array at the same site, offering a commercial return on investment.

Cornwall Council also announced this that it has concluded negotiations with the UK Department for Business, Energy and Industrial Strategy (BEIS) on the transfer of Wave Hub, along with GBP 14 million of funding and the creation of a low carbon Enterprise Zone in the key ports of Hayle and Falmouth during 2017.

Councillor Julian German, portfolio holder for economy and culture said: “Cornwall is open for business and, as the new owners of Wave Hub, Cornwall Council will be creating the right environment for the sector to grow and flourish.”

 

Share this article

Follow Subsea World News

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

OGA 2017

OGA 2017 is the most beneficial way to meet, discuss and acquire the latest in the Oil & Gas industry! It is also;…

read more >

IMCA ROV SEMINAR

This seminar is designed to assist IMCA members in dealing with these, with a programme of technical and operational topics affecting…

read more >

Offshore Wind Energy 2017

In 2017, EWEA and RenewableUK will join forces to bring you the greatest conference and exhibition Europe has ever known in the history…

read more >

UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

More info

read more >