As per a media statement this morning released from the office of Hon Alannah MacTiernan MLC, Minister for Regional Development; Agriculture and Food; Minister Assisting the Minister for State Development, Jobs and Trade, the following general information was released related to the Albany Wave Energy Technology Development Project:
- The State Government has agreed to pay Carnegie Clean Energy the previously negotiated revised first milestone payment of $2.625 million for the Albany wave energy technology development project.
- The State Government is satisfied that Carnegie has commenced site development activities and design works, and has complied with its contractual obligations.
- Carnegie Clean Energy is required to provide a detailed funding plan and the Company will be given nine weeks to complete this plan.
- Upon receipt of the plan, the State Government will then assess whether the company has the financial capability, in an altered Federal R&D tax incentive environment, to complete the project.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.