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carnegie clean energy ltd (CCE) Details

Carnegie Clean Energy Limited develops and commercializes the CETO wave energy technology for zero-emission electricity generation from ocean swell worldwide. The company also generates and supplies solar power, as well as delivers commercial and utility scale solar PV projects. In addition, it offers battery energy storage systems for remote stations, farmers, large homes, commercial businesses, and accommodation and road houses; and designs and installs solar, battery, and microgrid infrastructure for sale. The company was formerly known as Carnegie Wave Energy Limited and changed its name to Carnegie Clean Energy Limited in December 2016. Carnegie Clean Energy Limited is based in Fremantle, Australia.

carnegie clean energy ltd (CCE) Top Compensated Officers

Non Executive Director & Company Secretary
Total Annual Compensation: A$126.0K
Compensation as of Fiscal Year 2018.
carnegie clean energy ltd
Carnegie Clean Energy Limited Announces Western Australia Terminates Financial Assistance Agreement for the Albany Wave Energy Project

Carnegie has now been advised that the State Government of Western Australia has elected to terminate Carnegie's Financial Assistance Agreement for the Albany Wave Energy Project. The Company is disappointed with this decision as the State Government were provided with a revised Project Funding Plan in February which outlined Carnegie's plans to deliver the Albany Project over an extended timeline and with a reduced budget. The changes presented in the Funding Plan would Enable Carnegie to optimize the Project spend profile in order to reduce the amount of Research and Development (R&D) Tax Incentive cash rebates that would be lost under the proposed changes to the R & D Tax Incentive, provide additional time to incorporate a number of design innovations into the CETO unit to be deployed in Albany. These innovations would reduce the capital cost of the Project and the long term levelised cost of energy of the CETO technology, a key driver of the company's technology development pathway. The company appreciates the continued commitment and support from the Albany community throughout the project. Albany remains one of the most attractive worldwide sites to demonstrate and ultimately exploit the potential of wave energy. This significant new development must now be incorporated into the strategic review currently underway and Carnegie will update the market in due course.

Carnegie Clean Energy Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2018

Carnegie Clean Energy Limited reported consolidated earnings results for the half year ended December 31, 2018. For the year, the company reported revenue of AUD 2,199,967 as compared to AUD 2,585,334 for the same period last year. Loss for the period from continuing operations was AUD 45,038,753 as compared to AUD 9,102,193 for the same period last year. Basic loss per share was 1.56 cents as compared to 0.345 cents for the same period last year.

Carnegie Clean Energy Limited Announces Collaboration Agreement Between Enel Green Power

Carnegie Clean Energy Limited announced that it has achieved the first milestone and received the associated payment from Enel Green Power (EGP) under the Collaboration Agreement between Carnegie and EGP. In July 2018, Carnegie signed the Collaboration Agreement with global renewables player Enel Green Power which will see EGP invest 1 million (AUD 1.6 million) in the research, development and deployment of the CETO wave energy technology.

 

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