A useful summary of the Australian sites in there also...
"Key wave farm sites have been identified based on expected availability of wave resource and proximity to population centres and existing infrastructure. The Australian site pipeline includes: Garden Island (Western Australia) – secured. • Proposed location for CETO 3 – the Company’s commercial demonstration plant. • Garden Island is the Royal Australian Navy’s largest base. A Memorandum of Understanding has been signed with the Australian Department of Defence for collaboration, onshore site and power off-take. • Wave characteristics: >65% availability of 2m wave, 90% availability of 1m wave. • Connectible into WA transmission grid. Albany (Western Australia) – secured. • 5 year exclusive offshore investigation license with 30 + 30 year lease option. • Exclusive option from Albany Shire for onshore generating plant to be situated on the Albany Wind Farm site adjacent to the offshore wave licence area. • Wave characteristics: >90% availability of 2m wave. • Estimated extractable resource >200MW. • Connectible into WA transmission grid. Port MacDonnell (South Australia) – secured. • 3 + 3 year offshore investigation license with preferential option to lease. • Wave characteristics: >90% availability of 2m wave. • Connectible into National Electricity Market. Phillip Island (Victoria) – preliminary approvals. • Exclusive MOU with private landowner for onshore generation site. Government permission granted for preliminary wave activities. • Wave characteristics: >90% availability of 2m wave. • Connectible into National Electricity Market. Portland and Warrnambool (Victoria) – preliminary approvals. • Government permission granted for preliminary wave activities. • Wave characteristics: >90% availability of 2m wave. • Connectible into National Electricity Market."
CNM Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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