Carnegie Corporation Limited has received approval from the Victorian Government to use and develop coastal Crown land for three wave energy projects.
The company has got permit to undertake marine surveys and to trial the CETO wave energy technology at Portland, Warrnambool and Phillip Island. It has received approval under the Coastal Management Act 1995.
Initial feasibility activities will include marine survey activities, CETO unit trials, and detailed measurement of the wave climate.
Wave energy developer’s MD Dr. Michael Ottaviano said with this approval, the company now has additional options for the location of its commercial demonstration project and subsequent commercial projects in addition to its Western Australian and South Australian sites.
The company highlighted that as per the report by RPS MetOcean, commissioned by Carnegie, Victoria has an estimated near-shore wave energy resource of 18,000MW – almost double the state’s total installed power generation capacity. Furthermore, taking into account the proximity of current power transmission infrastructure, approximately 20% of Victoria’s current base-load power needs could economically be met by harnessing waves.
Related links: Carnegie Corporation
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