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
consists
of
an
array
of
submerged
buoys
that
pump
high-pressure
water
to
onshore
hydroelectric
turbines.
The
company
is…
