Wave energy developer Carnegie Wave Energy has signed a Memorandum of Understanding (MoU) with the Republic of Seychelles to investigate commercial wave and microgrid opportunities.
The agreement focusses on identifying the opportunities and development pathways for commercial wave energy plants on the Seychelles, as well as potential microgrid opportunities that would enable CETO wave farms to be integrated into the existing power infrastructure to supply clean power and freshwater, the company noted.
The MOU was announced at the Indian Ocean Rim Association Ministerial Blue Economy Conference in Mauritius.
Carnegie’s Chief Operating Officer, Greg Allen said: “Carnegie has identified remote islands as an attractive early market for the CETO technology. CETO, along with enabling micro grid solutions, can enable high penetration of renewable energy, displacing imported diesel. The signing of this MoU progresses the commercialisation of CETO in remote islands in parallel to mainland markets including the UK and Europe.”
Australia’s High Commissioner to Seychelles and Mauritius, H.E. Susan Coles, welcomed the signing, and noted: “This MoU consolidates the leading role of Australia as an innovator in marine renewable energy technologies for the Indian Ocean.”