CWE 0.00% 4.2¢ carnegie wave energy limited

why there is nothing to worry about

  1. 1,592 Posts.
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    (NOTE: This is a repeat of the previous post - I've cut out the links so it all fits on one page without scrolling - i hate when you cant read it all, especially if it's this long! If you want the link, find it in the previous post)

    There's no denying how unfortunate the recent REDP decision was, but it will inevitably be Australia/Labor's loss, not CWE's. CWE will get a large scale commercial project, whether Martin Ferguson wants it or not. It will be a round-about way for CWE, but more than enough to pave the way for the years of growth to come:

    1. FRENCH GOVERNMENT SUPPORT - SPEECH BY PRESIDENT SARKOZY, PROVIDING 200 MILLION EUROS PER YEAR FOR MARINE RENEWABLE ENERGY (16 July 2009)

    "Renewable energy sources

    Finally, and above all, the sea can also be a source of wholly renewable new energies. Personally, I really believe in the prodigious potential of marine energy. Thanks to the La Rance tidal plant, France has had long experience, unparalleled in the world, of what needs to be done and also what mustn’t be done at the ecological level. Talking about the challenge of renewable energies, on 9 June this year, I pledged a parity of resources for research into nuclear and renewable energies. This means nearly €200 million more a year for R&D on renewable energies, with marine energy among the foremost.

    In particular, we must place all our hopes on the emerging technologies, the cutting-edge technologies where France will be able to make the difference. I’m thinking of offshore windfarms and especially the floating windfarms enabling us to catch the wind far out to sea, where it is strongest, without disturbing coastal activities. I’m thinking of wave energy and the energy from currents. I’m thinking of the thermal energy of the sea, so well suited to our vast tropical and equatorial waters in Overseas France. I’m thinking too of marine biomass.

    France’s capital equipment effort in marine energy must at last take off. The Grenelle implementing bill currently going through Parliament will bring essential simplifications to the task of equipment installation. Everyone will have to mobilize to carry out this major investment project, to produce over 6,000 MW, the equivalent of 4 EPRs. By early next year I’d like to see a strategic plan defining the areas of deployment in order to ensure the security of the projects and facilitate connection with the network.

    Industrial Exports

    We must base this renewable energy capital investment strategy, which emerged from the Grenelle Environment Forum, on a genuine industrial policy so that, taking our national needs as the starting point, we can develop high-performance sectors which will subsequently export our technologies throughout the world. I know that French firms are ready to play an active part in this.

    This is why I’d like a major marine energy technology platform to be set up, led by IFREMER [French research establishment for marine resources]. In a location to be decided, which I envisage being in a coastal region, the aim will be to concentrate the public- and private-sector research capabilities and capitalize on innovations for the benefit of both large and small French firms. I expect this unique technology platform, which may be the first in the world, to be set up by the end of this year.


    2. THE QUALITY OF CARNEGIE'S PARTNERS IN THE NORTHERN HEMISPEHERE AND THE FACT THAT THEY ARE MASSIVE FRENCH COMPANIES IN THE POCKET OF THE GOVT

    I've looked at a lot of documents over the last few days, and on every French energy review board or committee, EDF has a dominant presence and so does DCNS. It's not surprising:

    "About EDF Energies Nouvelles

    With operations in ten European countries and in America, EDF Energies Nouvelles is a market leader in renewable energies. With a development focused on wind energy for several years and more recently on solar photovoltaic, now a second priority avenue of development, the Group is also present in other segments of the renewable energies market: small hydro, biomass, biofuel and biogas. In addition, the Group is expanding its presence in the distributed renewable energies sector in partnership with EDF.
    EDF Energies Nouvelles is a 50 %-owned subsidiary of the EDF Group.

    About DCNS

    DCNS is a leading European player on the world market for naval defence systems. The Group designs, builds and supports surface ships, submarines and mission-critical systems and equipment incorporating the most advanced technologies. Drawing on its dedicated teams, proven expertise and extensive industrial resources, DCNS is also expanding into new markets in civil nuclear energy, marine renewable energy and naval and industrial services. DCNS is committed to sustainable development and was one of the first defence contractors to achieve Group-wide certification to ISO 14001. The DCNS Group employs 12,000 staff and generates annual revenues of around €2.5 billion (2008 figures). www.dcnsgroup.com"


    3. THE INITAL PROJECT AND INDICATION OF STRONG COMMITMENT - REUNION ISLAND - OCT 2009 UPDATE

    Translation (by dodgy google):

    "Project Overview
    The purpose of the Convention Research and Development between EDF Energies News and Regional Meeting is to adapt the technology for CETO sea conditions of the meeting and prepare its industrialization.

    The ambition is to build and test a prototype size, not connected to the grid. This project is the first stage of a development strategy which aims, ultimately, construction a plant producing electricity from the wave energy at the meeting.

    Major milestones

    Milestones of the project started are:
    · Site Selection and Feasibility Study of a central power production based on the CETO technology,
    · Adaptation technology and optimization technology,
    · Detailed engineering and construction of the prototype level 1
    · Preparing to install the prototype.

    The partners plan to launch a second project that would involve the installation of the prototype and conducting a campaign of testing and qualification. This facility could come late 2010.

    Actors project

    · EDF EN Overseas:
    Development Project.

    · DCNS:
    Work Adjustment and optimization
    technology, project management of the project.

    · EDF R & D:
    modeling resource.

    · ARERE:
    assistance in the local consultation.

    (chunk cut out to avoid repitition)

    Companies DCNS and EDF Energies Nouvelles have decided tounite their respective expertise and be privileged partners in the field of marine energy, particularly toconduct studies and work to optimize the CETO wave power technology and its adaptation to a industrialization, the specific conditions of swell Reunion.

    4. FRANCE'S RECOGNITION OF THE BROADER POTENTIAL OF IT"S MASSIVE MARINE RESOURCES, PARTICULARLY IN RELATION TO RENEWABLE ENERGY

    "As a maritime nation, France has significant ocean energy resources. Indeed, the surface areas under French jurisdiction far beyond the ten million km 2 with an energy potential exploitable among the largest globally."

    FROM SARKOZY'S SPEECH AGAIN (sure they're just words, but have you heard Rudd or Ferguson say them?):

    "I’ve come to Le Havre today to rectify a historic omission. For too long France has neglected her maritime destiny. How have we forgotten that our country has the world’s second-largest maritime territory after the United States: 11 million km², 20 times the size of metropolitan France – an area bigger than the whole of China or Canada? Why have we given up for so long on such major international ports as Le Havre, of course, but also Marseille, Bordeaux, Saint-Nazaire, Toulon, Dunkirk… all ideally situated on several seaboards for serving Europe and the rest of the world? How can we possibly have neglected to such an extent the incomparable diversity and richness of our overseas maritime areas? How can we any longer disregard our strategic presence in the world’s three oceans, in both hemispheres and as far as the South Pole, in Antarctica.

    Admittedly, France has a lot of interests on land and a lot of ties to the continent and it’s very probable that these advantages stopped her turning spontaneously to the sea. She has to have a constant political will to go to the oceans and project an ambition there. Le Havre, which owes its existence to that of François I and its development to Richelieu’s, knows this well. I came to tell you that France had to stop ignoring her potentially tremendous maritime destiny.

    When it comes to her maritime vocation, France has certainly suffered from having a large capital city inland, sheltered from high sea breezes and away from shipping lanes. But we can and must make Greater Paris a veritable maritime metropolis. For this, we have to forge a new link through the magnificent Seine Valley, between an old capital city on a river, Paris – whose coat of arms depicting a ship is no coincidence – and its two traditional ports of Rouen and Le Havre. “Paris-Rouen-Le Havre, a single city with the Seine as its main road”, Napoleon Bonaparte said as early as 1802. Apart from the river link, we now need to envisage a high-speed transport link, a TGV [train à grande vitesse – high-speed train], connecting Paris to Le Havre via Mantes and Rouen in an hour and a quarter and also benefiting the two Normandy regions. This high-speed link will be one of the main routes in and out of Greater Paris. So we will be adding this to the Grenelle Environment Forum’s rail investment programme.

    We have to rebuild a maritime policy and ambition for France focused on the new challenges: those of a planet whose resources are running out, a planet rediscovering its renewable energies and also a globalized planet breathing through international trade. Our future depends on the sea, as a resource, ecosystem and place of trade. And the future of the sea on our planet also depends on France’s attitude. So I want our nation now to live up to its responsibilities and opportunities as a very great maritime power, not just for the French of today, but also for all the men and women of tomorrow. Here, as on the climate and safeguarding biodiversity, we’re the last generation with the full capacity to act. Act before it’s too late. This signal responsibility will be the yardstick against which our children and future generations will judge us."
 
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