Carnegie signs MoU to provide renewable energy sources to Sri Lanka

Carnegie Wave Energy has signed a memorandum of understanding (MOU) with the Lanka Energy Conservation to provide cost-efficient, clean renewable energy resources to Sri Lanka.

Under the agreement, the company will explore and employ opportunities to develop commercial wave energy plants and find microgrid opportunities in Sri Lanka which will enable the integration of Carnegie’s CETO wave farms to the existing or new power infrastructure to supply clean power and freshwater.

Carnegie CEO Greg Allen said: “Carnegie has made significant progress in our entry into the small island markets this year.

“The signing of this MOU provides us with another opportunity to provide services to explore the possibility of incorporating CETO, along with microgrid solutions, to enable high penetration of renewable energy, displacing imported diesel.”

Allen added that Carnegie offers an effective clean energy alternative to island nations who are seeking clean and cost-effective energy resources to decrease their dependence on electricity generated using imported fossil fuels.

The fossil fuels are costly without any energy security while posing hazards to environment.

Carnegie has deployed a wave monitoring buoy off the coast of Mauritius, as part of a series of work packages that will identify the opportunities and a design for CETO and microgrid solutions on the islands of Mauritius and Rodrigues, currently being delivered by Carnegie.

The company’s Garden Island Microgrid Project has recently secured a $2.5m fund from the Australia government’s ARENA (Australian Renewable Energy Agency).