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Shipwrecks and Lost Treasures of the Seven Seas : WET & HOT NEWS !

10 January 2011

Ireland formally funding wave energy technology

Hydro International -

Wave energy developer Carnegie Wave Energy has signed the formal funding agreement with the Irish Government's Sustainable Energy Association (SEAI) for a EUR150,000 project to evaluate potential CETO wave sites in Ireland and develop a site specific conceptual design.

The project is 50% funded by the SEAI and 50% by Carnegie and forms the first phase of detailed design for a potential 5MW commercial demonstration project in Irish waters.

The project will be managed through Carnegie's Irish subsidiary, CETO Wave Energy Ireland Limited (). The project has now commenced with the appointment of Ireland-based engineering specialists RPS Consulting Engineers to undertake the study.

RPS Consulting Engineers has a proven track record in engineering and environmental services in marine construction and the renewable sector, including a number of wave and tidal development projects in Europe and North America.

Carnegie's Dublin-based executive director of European Business Development, Kieran O'Brien said that this formal agreement with SEAI for project funding allows the company to begin detailed site assessment and develop the conceptual design of a 5MW commercial demonstration project in Ireland.

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