The funds will be used to install a wave energy device at Torbay, 20km west of Albany.

$31m for Albany wave farm

Carnegie Clean Energy has secured $16 million from the state government for a wave energy project at Albany, while also gaining conditional approval from the federal government to transfer nearly $12 million earmarked for its Garden Island project to Albany.

As well as the money going to ASX-listed Carnegie, the state government has awarded $3.75 million to the University of Western Australia for a wave energy research centre in Albany.

The funding announcements provided a boost to Carnegie’s share price, which rose 9.1 per cent today to close at 4.8 cents.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
61stAdvanced Nano Technologies163%41%
227thCarnegie Clean Energy24%-0%
257thAdvanced Share Registry19%47%
497thRefresh Group-18%18%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$5k Bought
$10k Bought
$15k Bought
Total value as at the date of the transaction
Source: Morningstar


96th↓Refresh Group$6.2m
97th↓Advanced Share Registry$6.0m
98th↑Carnegie Clean Energy$5.3m
99th↓Advanced Nano Technologies$5.1m
232 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Carnegie Clean Energy

123rdMichael Ottaviano$728k
402ndGrant Mooney$159k
923rdKieran O'Brien$138k
Ranked by total remuneration from all listed WA companies

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