Irish Government Approves CWE’s CETO Wave Energy Licence

Wave energy developer, Carnegie Wave Energy Ltd. (CWE) announces that the Irish Minister for the Environment, Community and Local Government, Mr Phil Hogan T.D., has approved its application for a Foreshore License in respect of site investigation works between Freagh Point and Spanish Point, Co. Clare.

This site was originally selected by CWE’s 100% owned Irish subsidiary, CETO Wave Energy Ireland (CWE Ireland), following a major study of the Irish coastline by CWE Ireland. The study was supported by an Irish Government grant administered by the Sustainable Energy Authority of Ireland (SEAI).

Carnegie’s Irish subsidiary CETO Wave Energy Ireland completed a detailed site evaluation and conceptual design study before applying for a licence in 2011.

CWE’s Executive Director, Business Development, Mr Kieran O’Brien, said:

“Carnegie Wave Energy is very pleased to receive this approval and looks forward to working with local stakeholders to develop a successful CETO Wave Energy Project off the West Clare coast. I would particularly like to acknowledge the very constructive engagement which we have had with the Irish authorities since the establishment of our Irish subsidiary.”

CETO Wave Energy Ireland expects to commence investigative activities during 2013.

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Press release, May 6, 2013; Image: CWE