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An artist's impression of the 10 megawatt solar power station in Northam.

Carnegie to build $20m solar power station

Renewable-focused Carnegie Clean Energy has announced it is developing a $20 million, 10-megawatt solar power station in Northam, which it says will generate enough electricity to power 4,000 homes for 25 years.

Fremantle-based Carnegie said the joint venture project between its recently acquired subsidiary Energy Made Clean and Lendlease was for the construction of 34,000 solar panels on 25 hectares of land, which would deliver 24,000MW hours of electricity per year.

The project is expected to cost between $15 million and $20 million, with work to begin mid-year and be completed by the end of 2017.

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Comments

Mentone
Renewable energy projects should be obligated to provide significant backup supply either batteries or something else instead of hanging off the coat-tails of fossil fuel generators. I hope the WA govt doesn't go down the same path as SA and mindlessly replace reliable coal fired generators with intermittent and unreliable power sources.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/17

1 year TSR5 year TSR
225thCarnegie Clean Energy84%5%
616thMMJ Phytotech-15%0%
664thiSignthis-26%95%
694 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

27/11/15
$10k Issued
10/11/14
$300k Other
10/11/14
$300k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

127th↓Carnegie Clean Energy$1.1m
137th↑xTV Networks$561k
138th↑Enerji$405k
141st↓iSignthis$264k
142nd↑MMJ Phytotech$1.1m
222 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Carnegie Clean Energy

136thMichael Ottaviano$728k
442ndGrant Mooney$159k
1013thKieran O'Brien$138k
Ranked by total remuneration from all listed WA companies

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