Carnegie Wave Energy has pushed the button to build the first commercial wave energy project in Australia.The renewable energy hopeful, which has been working to commercialise its CETO renewable wave energy technology developed by Fremantle inventor Alan Burns, confirmed it would use a $12.5 million grant from the State Government's Low Emissions Energy Development Fund to help finance the 5MW project off Garden Island.
The project will produce enough power for 3500 homes, and Carnegie said yesterday it would create 30 jobs and save more than 500,000 tonnes of greenhouse gas emissions over its lifetime.
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