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13/01/2011
Carnegie To Explore Marine Energy Potential
Australian renewables developer Carnegie Wave Energy has agreed a deal with the Irish Government to explore potential sites for marine energy installations around the country's coastline.
Carnegie's Irish subsidiary, CETO Wave Energy Ireland, signed a formal funding agreement for the €150,000 (£125,000) project at the end of last week, which will see the costs split 50/50 between the company and the government's Sustainable Energy Association (SEAI).
CETO will aim to determine sites where it can locate its ocean floor-based devices, which consist of a series of submerged buoys.
Waves move the buoys, driving a set of pumps which in turn push water along a pipeline to the shore. The pressurised water then drives turbines to generate electricity or can be used to supply reverse osmosis desalination plants, replacing fossil fuel-powered pumps.
Ultimately, CETO aims to design a 5MW commercial technology demonstration project similar to the wave energy plant it is currently building in Australia and has already commissioned studies for the project from Ireland-based engineering specialists RPS Consulting Engineers.
A feed-in tariff of €220 per MWh and a government goal of producing 500MW of wave and tidal energy by 2020 have made Irish marine energy developments increasingly attractive to investors.
A report commissioned by the SEAI and published this week found that a "fully developed" Irish ocean energy sector meeting its 2020 targets could be worth about €9 billion (£7.5bn), creating up to 52,000 jobs in wave energy and 17,000 posts in the tidal energy sector across Northern Ireland and the Republic.
(CD)
Carnegie's Irish subsidiary, CETO Wave Energy Ireland, signed a formal funding agreement for the €150,000 (£125,000) project at the end of last week, which will see the costs split 50/50 between the company and the government's Sustainable Energy Association (SEAI).
CETO will aim to determine sites where it can locate its ocean floor-based devices, which consist of a series of submerged buoys.
Waves move the buoys, driving a set of pumps which in turn push water along a pipeline to the shore. The pressurised water then drives turbines to generate electricity or can be used to supply reverse osmosis desalination plants, replacing fossil fuel-powered pumps.
Ultimately, CETO aims to design a 5MW commercial technology demonstration project similar to the wave energy plant it is currently building in Australia and has already commissioned studies for the project from Ireland-based engineering specialists RPS Consulting Engineers.
A feed-in tariff of €220 per MWh and a government goal of producing 500MW of wave and tidal energy by 2020 have made Irish marine energy developments increasingly attractive to investors.
A report commissioned by the SEAI and published this week found that a "fully developed" Irish ocean energy sector meeting its 2020 targets could be worth about €9 billion (£7.5bn), creating up to 52,000 jobs in wave energy and 17,000 posts in the tidal energy sector across Northern Ireland and the Republic.
(CD)
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