Carnegie to move forward on landmark Indian Ocean project

The step-wise project on the French-owned Reunion Island will use Carnegie's Ceto technology.

It is to be built in three stages, with current planning targeting a total capacity of 15 megawatts (MW).

It will be jointly owned and financed by Carnegie and EDF EN via a special purpose vehicle. Carnegie will hold a 49% stake, with EDF EN taking the remaining share of 51%.

Carnegie will supply a single Ceto wave-power unit for the first stage of the Reunion Island development.

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