CWE Receives Milestone 2 Payment from Western Australian Government

Wave energy developer Carnegie Wave Energy Limited (CWE) announces the receipt of $669,700 from the Western Australian Government for the completion of Milestone 2 of the Perth Wave Energy Project.

Milestone 2 involved the completion of the detailed design of the Perth Project which was announced in Carnegie’s most recent quarterly activities report.

The submission of a claim for a similar amount to the Australian Renewable Energy Agency (ARENA) is expected to occur in the coming days.

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Press release, February 6, 2013; Image: CWE