The state government of Western Australia (WA) has approved a reduced first milestone payment to Carnegie Clean Energy as part of an A$16m grant for the Albany wave project.
WA officials have signed off on a A$2.625m disbursement as part of a variation to the first A$5.25m milestone for the Albany project consisting of a single 1.5MW Ceto 6 wave device due online by 2020.
Carnegie said the remaining procurement activities associated with the balance of the first milestone and the timing of the delivery of the scheme has been affected by uncertainty associated with the proposed changes to the Australian federal government’s R&D Tax Incentive scheme.
In a related development, Carnegie director Michael Ottaviano is to leave the company after a decade at the helm.
Former chief technology officer Jonathan Fievez has been appointed as chief executive of the Perth outfit with immediate effect.
Carnegie chairman Terry Stinson said: “Having held the role of CTO for Carnegie for over seven years, Jonathan has a deep understanding of business, renewables and technology development and is well placed to lead the continued commercialisation of Carnegie’s Ceto technology.”
Source:renews
