Monday, 21 April 2008

Wave energy

West Australian
Saturday 12/4/2008 Page: 78

WA wave energy technology developer Carnegie Corporation has finalised its licence agreement with AIM-listed Renewable Energy Holdings for the use of the London-based company's CETO technology. Carnegie said it had secured ownership of all CETO wave farms in the southern hemisphere in return for funding the technology to a maximum of $10.3 million and the payment of a licence fee and royalty.