Carnegie is pleased to announce that subsidiaries CETO Wave Energy Ireland and Carnegie Technologies Spain have entered a contract with the Biscay Marine Energy Platform (BiMEP) for the installation and testing of the CETO wave energy technology at the BiMEP site under the ACHIEVE Programme.

Building on the previously signed Berth Reservation Agreement, this contract finalises key terms for the installation, operation and decommissioning of CETO at the BiMEP site over two years. BiMEP will provide access to infrastructure at sea (such as berth mooring area, submarine power cable, subsea electrical connector and fiber optics cables) and infrastructure on the mainland (including electrical substation, power lines and office space) which will enable CETO to be deployed and deliver electricity to the grid. The total value of the contract is approximately €600,000.