The federal government will provide A$9.9m towards the project through its A$126m Emerging Renewables Program, while Western Australia’s state government has promised A$5.5m through its Low Emissions Energy Development scheme.
New York -based institutional investor The Lind Partners is chipping in with a further A$16.3m.
Stock exchange-listed Carnegie is developing a 2MW pilot project in and around Garden Island, which it hopes will be the first grid-connected demonstration of its Ceto technology.
Ceto
