Oh? From the CR announcement in 2014:
"We are moving into an extremely exciting period of CETO unit assembly, testing and installation of the CETO5 Perth Wave Energy Project plus the development of the commercial CETO6 unit. It is essential that we are able to accelerate the commercial unit design and its demonstration. Beyond its planned demonstration in 2016, the 1MW CETO unit will allow Carnegie and its licensee partners to roll out profitable wave power projects globally." - MO
So in 2014 they planned to have it in the water this year. They said they knew they had to get a move on. They wanted to raise $6 million from shareholders to speed CETO6 along and actually got $9 million. Later they said CETO5 went as planned... and they got another big, fat parcel of cash courtesy of the tax man. Sounds good, eh?
Yet somehow between then and now it seems CETO is well behind. Maybe a year. Why? Try to find one piece of information in any of their communications that explains it. I can't.
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