CWE carnegie wave energy limited

"Bad press and bad regulation Regarding the fallout from SA’s...

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    "Bad press and bad regulation

    Regarding the fallout from SA’s grid disaster that left the entire state without power for several hours, much of which was blamed on the smallish wind component of the state’s power supply, Ottaviano said, “renewable energy technology is an extremely complex subject, especially when it relates to grid infrastructure.
    It’s easy to use renewables as a scapegoat when people have no idea what they’re talking about, but it’s virtually never the fault of the technology. South Australia’s renewable penetration is way below that of several states and countries internationally.

    In reality, the government failed to plan for the freakish storms that caused the blackout.”

    This is tough talk from MO here.
    I haven't heard him talk like this before ....as we were relying on government help to get projects off the ground. He was always very appreciative of funding and never said harsh words once.

    This article has very confident talk from MO that shows me he has some cards up his sleeve now that Carnegie are poised to go onto Commercial production.

    It appears to me he may not be relying on anymore funding from Australian Government. Perhaps the institutions are becoming supporters now that the testing is complete....
 
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