The HMAS Stirling naval base on Garden Island will buy all of the electricity from the project, which is expected to be Australia’s first grid-connected wave energy plant. Carnegie expects to be able to supply the first power to the grid by the end of 2013.

There was no shortage of potential customers for the wave-generated power. Carnegie said earlier this month that the Western Australian Water Corporation was negotiating a PPA for the demonstration plant's output.

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