July 31 (Renewables Now) - The renewables arm of Italian energy group Enel SpA (BIT:ENEL) has agreed to invest about AUD 1.6 million (USD 1.2m/EUR 1m) as part of a wave power collaboration with Australian field specialist Carnegie Clean Energy Ltd (ASX:CCE).
Enel Green Power (EGP) said on Monday that it has signed a collaboration agreement with Carnegie focused on the development and testing of the latter’s new 1.5-MW CETO 6 wave energy generator. The above-mentioned sum will be invested in collaboration activities such as EGP’s own involvement in the installation and 12-month testing of the first full-scale CETO 6 unit as part of the government-backed Albany wave energy project off the coast of Albany in Western Australia. The testing phase is seen to start by the first half of 2020.
The partnership also envisages the two companies working together to identify, develop and invest in new opportunities for this wave power technology across Australia, Europe and globally. In addition, EGP will become a technical committee member of both Carnegie and the Wave Energy Research Centre run by the University of Western Australia with support from the Western Australian government.
Antonio Cammisecra, head of Enel Green Power, commented that marine energy “is the most challenging and appealing example” for the innovative renewable energy technologies that are promoted by the company.
“The agreement with CCE, a company that has been active in marine energy research for a decade, allows us to leverage on one of the most disruptive energy generation technologies with good potential for further developments,” he stated.
EGP anticipates that Carnegie’s CETO 6 device will be able to compete with mainstream renewables once manufactured in high volumes and built at large project scale. The particular wave energy generator incorporates on-board power generation as well as multiple moorings and power take-off (PTO) modules.
(AUD 1.0 = USD 0.742/EUR 0.634)